Later this year, we head to Vancouver for an event focused on the North American covered bond market.
The investor treatment of covered bonds is often described as preferential. It is nothing of the sort and we should stop saying that it is.
Arguments between syndicate desks and investors are nothing new. But they are about to get a lot more important. Can anything be done differently?
American covered bond law depends on the reform of the GSEs, sadly that isn't going to happen anytime soon.
You might think that it’s a pity that the first major covered bond conference since the publication of the first ever draft of a covered bond directive is taking place outside Europe.
“I’ve been imitated so well I’ve heard people copy my mistakes” – Jimi Hendrix
I am looking forward to hearing the special debate on Reg S Vs 144a issuance at the forthcoming Vancouver covered bond conference. I just wish that fully SEC registered bonds were still on the table.