‘Devil is in the detail’ for pan-Baltic covered bond project

European Commission
By Bill Thornhill
24 Apr 2019

Valdis Dombrovskis, vice president of the European Commission, joined a chorus of voices at a European Covered Bond Council plenary meeting in Riga this week in praising efforts to create a harmonised covered bond framework for the Baltic states. But market participants said the project still had some way to go, with those involved working hard to flesh out the final details.

Speaking before the ECBC event in Riga on Tuesday, Dombrovskis said the €2.5tr global covered bond market played an important role in the European Union’s flagship project to build a deep and liquid single market, the Capital Markets Union.

CMU aims to increase the ability of the financial system ...

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