Latest Articles & Videos

China Blossoms as Green King

21 May 2019 |

China is ready to forgo the stereotypes of its smog-filled cities and show that its sustainability initiatives are on par with the west.

4%. Again?

17 May 2019 | Richard Kemmish

Ahead of the Asian covered bond conference earlier this year I wrote a couple of pieces on Singapore’s 4% cap on covered bond issuance. Do the same factors apply to Canada’s 4% limit?

The devil is in the cliché (4): Extension triggers

15 May 2019 | Richard Kemmish

The covered bond directive has a surprisingly large number of paragraphs that make normal people question the intent. The definition of the conditions to trigger an extendable maturity are clearly a political compromise. That’s the wrong starting point.

Always waiting

14 May 2019 | Richard Kemmish

Optimists have been predicting growth in the dollar covered bond market for years. Why have they been so consistently wrong? And what will make them right?

The devil is in the cliché (3): not liquidity buffers again?

10 May 2019 | Richard Kemmish

The covered bond directive has a surprisingly large number of paragraphs that make normal people question the intent. The new rules on liquidity buffers have provoked the most questions of any article in the entire directive.

The Euromoney/ECBC North America Covered Bond Forum 2019 - What to expect

10 May 2019 | Euromoney Conferences

The Euromoney/ECBC North America Covered Bond Forum will bring together domestic and international investors with issuers and prospective issuers of covered bonds to discuss the next stage in the development of the Canadian covered bond market and the creation of new markets for the product elsewhere in the Americas.

Canadian pools

09 May 2019 | Richard Kemmish

The only problem with Canadian covered bond issuers is that there aren’t enough of them. Can pooling structures increase the universe of potential issuers?

The devil is in the cliché (2): consistent risk

23 April 2019 | Richard Kemmish

The covered bond directive has a surprisingly large number of paragraphs that make normal people question the intent. A couple of people now have asked me what is meant in article 10 ‘composition of the cover pool’. The answer is: whatever you want it to mean.

The Global Borrowers & Bond Investors Forum 2019 - What to expect

16 April 2019 | Euromoney Conferences

The Global Borrowers & Bond Investors Forum will be back in London on 18-19 June. Attracting the who’s who of high grade debt capital markets, the event will continue to be the event for networking and doing business in the industry.