https://news.coveredbondreport.com/2013/11/level-1-exclusion-feared-but-ecbc-says-not-game-over/ News, analysis, data Tue, 21 Jul 2015 13:50:27 +0000 hourly 1 http://wordpress.org/?v=3.0.1 https://news.coveredbondreport.com/2013/11/level-1-exclusion-feared-but-ecbc-says-not-game-over/#comment-82 A Frankfurt based investor Mon, 02 Dec 2013 14:35:48 +0000 https://news.coveredbondreport.com/?p=16953#comment-82 The EBA is obviously free to determine the liquidity of Covered Bonds for regulatory purposes, but I just wonder how it will help to break the sovereign-bank link if banks are kindly incentivised by LCR provisions to go for more sovereign bonds because Covered Bonds are not recognised as highest form of liquidity despite EBA's own quantitative findings on that very same topic. The EBA is obviously free to determine the liquidity of Covered Bonds for regulatory purposes, but I just wonder how it will help to break the sovereign-bank link if banks are kindly incentivised by LCR provisions to go for more sovereign bonds because Covered Bonds are not recognised as highest form of liquidity despite EBA’s own quantitative findings on that very same topic.

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