Swiss seek new covered bond regulation

By Bill Thornhill
16 Nov 2020

The Swiss Banking Association has asked the country’s financial supervisor to consider setting up a covered bond regulatory framework that would put structured covered bonds on a par with other legally based covered bonds, such as Swiss Pfandbriefe.

Swiss Pfandbriefe are considered high quality liquid assets that can be pledged for repo with the Swiss National Bank, along with any legally enshrined covered bond issued by a foreign bank.

However, in common with structured covered bonds in euros, which are not eligible for repo ...

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