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FIGCovered Bonds

Early ECBC feedback: no solution in sight

The European Covered Bond Council’s plenary session this morning is said to have involved a “full and frank” discussion of the Packmohr Plan. Some 23 responses were summarised and the proposal debated, but this merely “hid the fundamental split into two camps”, according to one person present, with no hint of a solution in sight at the end.

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