Amended German Pfandbrief legislation takes shape

By Bill Thornhill
29 Jan 2021

Amendments to the German covered bond law, which are expected to be signed off within the next few months, contain key details on how soft bullet extensions will be triggered, the interest rate that is applied in such an event and the size of the liquidity buffer required.

The Bundestag is expected to consider the amendments designed to bring the German covered bond law into line with the European Union’s Covered Bond Directive (CBD) and this should receive presidential sign-off in April.

The legal changes will be applied in two stages, according to an ...

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