Liquidity gap rule buttresses Pfandbriefe, says Fitch
A requirement that German Pfandbrief issuers hold enough liquid assets to cover a liquidity mismatch of up to 180 days, which came into effect on November 1, has helped avert rating downgrades of mortgage Pfandbriefe under Fitch’s new covered bond liquidity risk criteria, said the rating agency yesterday (Tuesday).
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