EC defends SBBS despite market questions piling up

By Craig McGlashan, Jean Comte
17 May 2018

The European Commission has defended its plans to forge ahead ahead with plans to introduce sovereign bond-backed securities (SBBS), despite market participants’ lack of enthusiasm for the project.

A draft proposal seen by GlobalCapital on the instrument, whose aim is to tackle the “bank-sovereign” nexus by effectively allowing banks to diversify their holdings of ultra-safe assets, is the latest step by the Commission to introduce SBBS. One of the plans is to treat SBBS equally to ...

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