EC paper will help covered bonds to evolve, say analysts
The European Commission’s (EC) consultation on covered bond harmonisation is a realistic way forward that should help with the market’s evolution, said analysts on Thursday. The most striking proposal is a regulatory redefinition of a ‘covered bond’ which would be aligned with the Liquidity Coverage Ratio (LCR) and may result in preferential regulatory treatment for conventional deals issued from non-EEA countries.
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