Covered Bond Eligible Assets
In this video, Richard Kemmish looks at eligible assets and analyses their effect on collateral covered bond agreements.
Overview
Assets must go under intense processes such as Capital Requirements Regulations, article 129 before being labelled eligible as collateral for covered bonds. However, the definition varies globally due to different laws.
Key learning objectives:
Identify the rules outlined in Capital Requirements Regulations, article 129
Explain how rules differ nationally and why the definition is so narrow
Define ESNs, and describe the determinants
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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