Polish mortgage law has ‘significant adverse effects’

Bill Thornhill,

Tom Brown

August 15, 2019 06:30 PM

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A draft Polish law, requiring the written consent of property owners to transfer mortgages, would have “significant adverse effects on Polish banks’ funding” said the European Central Bank, with respect to the covered bond and securitization markets. However, a legal expert said there would be no direct impact on covered bonds.

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Topics

Regulation Central and Eastern Europe (CEE)CEE Bonds EMEA People and Markets Poland Securitization EM People and Markets FIG People and Markets Europe Securitization People and Markets Emerging Markets FIG CEE Covered Bonds

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Bill Thornhill

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Tom Brown