NEW COVERED BOND MARKETS IN THE SPOTLIGHT

Thanks to its resilience and reliability in turbulent times, covered bonds spread quickly all around the world in the aftermath of the global financial crisis. The authors take a close look at how these relatively new covered bond markets are currently progressing. They expect the approval of the EU directive and regulation for the harmonization of covered bond legislation to support the introduction or update of local legal frameworks, especially in Central and Eastern Europe. In Asia, …