Commission’s covered bond proposal lacks detail on assets

The European Commission’s proposals for a principles-based covered bond directive have been broadly welcomed, but the lack of detail on assets that might be eligible for covered bonds has caused concern.

  • By Bill Thornhill
  • 12 Mar 2018

The Commission's proposals were largely in line with the European Banking Authority’s best practices recommendations

However,the plan is relatively quiet on the types of assets that covered bonds can be collateralised by, leaving the decision up to the European member states.

Article six, paragraph one, of the ...

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