Covered Bonds and Central Banks

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

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Summary
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Expert
Richard Kemmish

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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