The EBA published a report in 2014 suggesting covered bond law in 17 areas could be better organised. Consequently, these proposals formed the EU’s Covered Bond Directive In 2019 which essentially states the outcome needed from each country’s covered bond law.
Key learning objectives:
Explain what the Directive consists of along with their structural and supervisory features
Identify the amendments to the Capital Requirements Rule
Discuss the implications of the Directive
Conclude whether non-EU issuers should get fair treatment