Podcast: Michel Noel on the global potential of covered bonds
Michel Noel, practice manager for non-bank financial institutions in the finance and markets global practice at the World Bank speaks to The Cover in a podcast interview about how the development bank assisted Brazil’s Ministry of Finance in drafting its newly released covered bond law — and which countries could be next.
Brazilian primary legislation in place but secondary work will take time
Brazilian covered bond deals will have to wait for further regulatory work to be done, despite the publication of the Brazilian covered bond law — or Letras Imobiliárias Garantidas (LIG) — on Wednesday.
The Vienna podcast series
In Vienna The Cover spoke to three major covered bond investors, the EBA, IMF and head of treasury at a new jurisdiction bank about the state of our global market. We hope you enjoy listening:
Covered bond bankers respond to CBPP3
Covered bond bankers spoke to The Cover in the immediate aftermath of the European Central Bank’s announcement of its third covered bond purchase programme. Though the programme is bullish for spreads, bankers said the ECB would struggle to expand its balance sheet.
Draghi reaches for junk but bankers unimpressed by size
Sub-investment grade ABS and covered bonds will be on the European Central Bank’s shopping list when it begins the private sector purchase programme it hopes will revive real economy lending this month. But stakeholders in both markets remain unconvinced of the size the ECB can achieve and many now see the move as a mere stepping stone to full-blown quantitative easing.