EBA readies for next ESN step
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Covered Bonds

EBA readies for next ESN step

European Banking Authority EBA Canary Wharf PA 230x150

The European Banking Authority’s final report on European Secured Notes (ESNs) was published on Tuesday. It should pave the way for the European Commission to consider setting up a legal framework for the product, which may emerge at the same time as the covered bond directive in February 2019.

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