Covered Bond Public Policy
Regulators tend to see the benefits of the covered bond product, but banks have argued that they have no need for more wholesale funding tools. In the final video of this series on covered bonds, Richard discusses some of the arguments in favour of the introduction of covered bonds, some of the objections that have been raised and what can be done to address those concerns.
Overview
Covered bonds have the potential to significantly improve financial stability and fund important sectors of the economy – however, there are concerns that must be addressed by putting in place appropriate safeguards.
Key learning objectives:
Explain the benefits of covered bonds
Discuss the problems around covered bonds
Define the ‘Vienna Initiative’
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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