ECB could do more to buy covereds

ECB adobe stock AS 230x150
By Bill Thornhill
08 Apr 2020

The European Central Bank’s clarification of how it buys covered bonds from investors changes nothing, said a leading covered bond asset manager on Wednesday. It would be more effective if the ECB were to offer, like Sweden's Riksbank, more disclosure on the bonds it was interested in buying, he said.

The ECB offered clarification on how it buys covered bonds from investors in a Q&A document on April 2. The ECB affirmed that asset managers and non-bank financial institutions are not eligible counterparties.

“The Eurosystem offers its eligible counterparties the possibility to share offers of eligible securities on ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial