Positive thinking: covered community gather in Vienna

Waleed El-Amir
By Bill Thornhill
25 Sep 2014

Ever the optimists, delegates at the Euromoney Covered Bond Congress in Vienna this week attempted to cheer themselves up by highlighting opportunities in new jurisdictions such as Turkey and Singapore and possibly even deals backed by SME or infrastructure loan collateral.

However, painting a positive picture was not always easy considering the undeniably gloomy backdrop. Banks still have considerable balance sheet repairs to do, and with the risk that systemically important banks may need to further increase their capital ratios, the outlook for covered bond issuance from its biggest ...

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