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GC Asia
Covered bonds ‘zeroed’ by EU’s green Taxonomy
Green bond specialists have criticised the buildings section of the European Union’s proposed sustainable finance taxonomy as impractical as it creates unhelpful incentives that exclude most bank financing, including green senior unsecured, RMBS and covered bonds.
While they praised the draft regulation for being grounded in science, they said most of the mortgages backing green covered bonds would not qualify, that it relied on inconsistent energy performance standards, and it placed a heavy onus on individual borrowers rather than regional policy makers to make
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Latest news from FIG
-
MuHyp goes long in covereds
15 Jan 2021 -
Société Générale taps Swissies for bail-in paper
15 Jan 2021 -
ECA invites EU legislators to address ‘shortcomings’ in bank crisis rules
15 Jan 2021 -
RBC keeps it tight after super-subs cash in
15 Jan 2021 -
BOC Aviation flies with $400m bond
15 Jan 2021
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