CBPP3 is not about covered bonds, says BlackRock
Jozef Prokes, a portfolio manager within the European fixed income team at BlackRock (AuM: €24bn), speaks to The Cover in a podcast interview about the aims of the European Central Bank’s (ECB) third covered bond purchase programme (CBPP3). Prokes addresses a range of topics including the risks investors face with the globalisation of covered bonds, pass-through structures, SME covered bonds and how his firm is coping with low interest rates.
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