FSA misses chance to back UK covered bonds

09 Mar 2012

By failing to make covered bonds eligible for UK bank liquidity buffers, the Financial Services Authority has missed a chance to convince international investors of their quality, issuers and analysts told EuroWeek.

However, both issuers and analysts welcomed the UK regulator’s further guidance this week on the Regulated Covered Bond regime, which sets out its minimum expectations on how UK issuers should manage their covered bond programmes. But issuers were frustrated that the regulator had not yet made UK covered ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial