×
ECR

Lucke: New plan to harmonise EU covered bond requirements will create security for investors

20 November 2018

Lucke: New plan to harmonise EU covered bond requirements will create security for investors

"Harmonisation of the requirements for covered bonds across the EU will create security for investors and open up new opportunities", said ECR German MEP Bernd Lucke today following the adoption of his report on a European covered bonds framework by the Parliament's Economic and Monetary Affairs Committee.

“Harmonisation of the requirements for covered bonds across the EU will create security for investors and open up new opportunities”, said ECR German MEP Bernd Lucke today following the adoption of his report on a European covered bonds framework by the Parliament’s Economic and Monetary
Affairs Committee.

Covered bonds are a financial product with a track-record of very low default rates, but this is the first time that clear and uniform criteria are being defined as to what exactly constitutes a covered bond in the EU. Mr. Lucke predicts we will soon see equal guarantees for investors across Europe, opening up new markets for covered bonds.

Speaking after the vote, Lucke said: “The fact that we were able to set consistent and clear criteria for covered bonds is a great success. With these high standards, we ensure the security of a financial product with a proven track-record. Investors can now rely on the security of these bonds throughout Europe.

“The new framework enables the development of markets for covered bonds even where they do not exist or are still relatively small. With clear rules, we are now strengthening competition and opening up new opportunities for investors. This ultimately benefits bank customers as well.”

“The proposed legislation on covered bonds is an important element in completing the Capital Markets Union.”

Looking ahead to future negotiations, Lucke said: “We will defend the high standards which we have proposed for covered bonds in the upcoming negotiations. Demands to accept inferior assets in the cover pool must be rejected. We have set a clear line to ensure that the quality of covered bonds is not impaired.”

SHARE

ECR

OUR TWEETS

ECR Group

2 days ago

Today marks the 1st anniversary of the tragic & senseless murder of Slovak investigative journalist #JanKuciak & hi… twitter.com/i/web/status/1…

Neva SadikogluNovaky

4 days ago

Great panel today at Europe-Muslim Democracy Forum on #LiberalDemocracy & #MinorityRights looking at education, rel… twitter.com/i/web/status/1…

ECR Group

4 days ago

"② We must strive to be honest & reflect on what we mean by 'values' - are human rights a religious or universal va… twitter.com/i/web/status/1…

ECR Group

4 days ago

"⓵: I commend the #ECRgroup for putting the Europe-#Muslim World Democracy Forum together, but we must reach out to… twitter.com/i/web/status/1…

ECR Group

4 days ago

Our last speaker at today's #EMWDF event was @AdnanKifayat, Head of Global Security Ventures @Gen_Next foundation &… twitter.com/i/web/status/1…

ECR Group

4 days ago

Our last panel at today's Europe-Muslim World Democracy Forum focused on the future relation b/w Europe & #Muslim d… twitter.com/i/web/status/1…

ECR Group

4 days ago

Continued: And ③ "We must move away from the gross materialism of the past, & focus on the future, building justice… twitter.com/i/web/status/1…

ECR Group

4 days ago

🗣 Below are the 3 key take-aways from 🇲🇾 MP @niknazmi's remarks at today's #EMWDF event: ⓵ "Politicians need to r… twitter.com/i/web/status/1…

ECR Group

4 days ago

Today's panel on #security cooperation, #stability, #PeaceBuilding, and #ConflictResolution at the #EMWDF was chair… twitter.com/i/web/status/1…

ECR Group

4 days ago

Continued: 🗣 "In order to build greater stability & enhance #security cooperation we, and in particular the… twitter.com/i/web/status/1…





© 2018. All rights reserved. European Conservatives and Reformists Group