Covered Bonds and Central Banks
Central banks are some of the most important players in the covered bond market. In this video, Richard looks at three of those ways: as investors, as repo counterparties and via quantitative easing programmes.
Overview
Central Banks, most notably the European Central Bank, has three key roles in the covered bond market. The first is acting as investors. Secondly, as repo counterparties and lastly via their quantitative easing and asset purchasing programmes.
Key learning objectives:
Discuss the Central Banks involvement in the covered bond market as investors, as repo counterparties and via their QE programmes
Explain the disadvantages of the previous programmes
Identify the ECB’s criteria and rules for purchasing and holding covered bonds
Summary
Expert
Richard Kemmish
Richard is a consultant working mainly in the covered bond market. He helps Finance Ministries and Central Banks in countries without covered bond laws to put legal frameworks in place. He has also helped the European Commission with their legislative agenda for covered bonds and related products.
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