GoingToMeet

The covered bond market has moved into sharp focus in recent months as it has faced unprecedented turmoil, importantly this has caused people to reappraise their views on it. It is anticipated that covered bonds will become an increasingly important funding tool for banks eager to raise cash, particularly as the securitisation market is effectively shut.

This turn in market fortunes suggests that there will be increased competition from issuers, where each jurisdiction will compete for investors’ attentions in terms of legislation, ratings, and mortgage portfolios. But where does this leave the market? And, what regions and sectors are seen to be the best bet for 2008 onwards?

Timed to react to the arrival of the new UK legislation and the impact this will have on the global market, IIR has brought together industry experts to debate the above issues and more at its inaugural Covered Bonds conference.