CEE covered bond laws advance

Latvia Riga source Fotolia 230x150
By Bill Thornhill
13 Oct 2020

The Baltic covered bond market is expected to take another stride forward with the advent of Latvia’s draft law, which currently is being debated in parliament. At the same time, the European Bank for Reconstruction and Development (EBRD) has been working closely with the Bulgarian, Croatian and Ukrainian authorities to help develop the basis for their own covered bond laws.

The Latvian finance ministry has published a draft covered bond law. The draft will now need to pass three readings in parliament before being formally adopted into law, hopefully by March next year.

An English translation of the draft is expected to be published sometime over ...

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