ECON wants ESNs in OCBs, but flaws cited while CPTs hit
Posted on 21 August 2018
An ECON draft report proposes accommodating ESN-type instruments in the forthcoming covered bond directive, in line with a recent industry push, but market participants have queried its wording and a lack of a clear perimeter for the overall product. Harsher treatment of CPTs is also put forward...
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