ECB examines covered bond sector

Article reports that covered bond experts have been called to Frankfurt in April 2011 to discuss the health of their market with the European Central Bank.

The ECB bought €60bn of the bonds, an ultra-safe form of securitisation, during the financial crisis and has since taken a strong line on improving the transparency and investor-friendliness of the products.

ESO: Background information: EU urged to go ahead with tougher bank rules http://www.europeansources.info/record/eu-urged-to-go-ahead-with-tougher-bank-rules/

Wikipedia: Covered bond http://en.wikipedia.org/wiki/Covered_bond

Website: International Capital Market Association (ICMA) http://www.icmagroup.org/home.aspx

Website: ICMA Covered Bond Investor Council (CBIC) http://www.icmagroup.org/About-ICMA/ICMA-Councils/Asset-Management-and-Investors-Council(AMIC)/Covered-Bond-Investor-Council-(CBIC).aspx

ECB: Occasional Paper, No.122, January 2011: The impact of the Eurosystem's covered bond purchase programme on the primary and secondary markets http://www.ecb.int/pub/pdf/scpops/ecbocp122.pdf

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