Covered bond buying branded ‘insane’ as ECB goes for QE-lite
The European Central Bank surprised ABS bankers and infuriated many of their covered bond peers on Thursday by committing to a broad purchase programme for both asset classes. The move was welcomed in the ABS market and sparked a fresh hunt for secondary paper, but deprived of more detail bankers were unable to say how quickly the measures would encourage more primary issuance, if at all.
Podcast: Tim Skeet on bail-ins and bail-outs
Tim Skeet, global head of covered bonds at Royal Bank of Scotland speaks to The Cover about his work as chairman of the International Capital Markets Association (ICMA) Asset Management and Investor Council working group on bail-in.
Podcast: Jens Tolckmitt on the future of the Pfandbrief
Jens Tolckmitt, chief executive of the Association of German Pfandbrief Banks (vdp) speaks to The Cover about Pfandbrief quality — "striving to be first in class".
Podcast: Marlatt & Calabria say US covered bonds in sight
Jerry Marlatt, senior council at Morrison & Foerster LLP and Dr. Mark Calabria, director of financial regulation studies at the CATO Institute speak to The Cover about the Volcker rule and the outlook for US covered bonds.