'Brussels smells green, you can see it and feel it,' says ECBC's Bertalot
The prospective growth of green and sustainable covered bond funding, and the Covered Bond Directive, were key topics at the well attended European Covered Bond Council’s 30th plenary session, held in Munich on Wednesday, especially with respect to the Pfandbrief market, which celebrates its 250th anniversary this year.
Around 300 delegates were registered for the ECBC’s event-filled day. ECBC chairman Niek Allon spoke about the Covered Bond Directive, which is expected to be adopted into European Union law this year. After it has been translated and published, local regulators will have 30 months to transpose
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