somes

Towards a Pan-European Covered Bonds Framework

Summary

The report proposes a new EU framework to categorize and regulate covered bonds and introduces 'European Secured Notes' for riskier financing like SME loans.
10 04.07.2017
Other
economy
finance
social policy
administrative law
public administration
business and competition

Key points

  • The report calls for a new European directive to create a unified framework for covered bonds and new secured notes.
  • It proposes a clear distinction between 'Premium Covered Bonds' (highest safety) and 'Ordinary Covered Bonds'.
  • A new category called 'European Secured Notes' is suggested to finance riskier areas like SME loans or infrastructure.
  • The framework should be based on principles rather than rigid rules to allow national laws to adapt the implementation.
Documents (PDFs)
REPORT Towards a pan-European covered bonds framework Towards a pan-European covered bonds framework
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