Shelter from the sub-prime storm - covered bonds in the US and Europe

Resource type: Article

Status: Law stated as at 01-Dec-2007

Jurisdiction: USA

In light of the relatively recent entrance of covered bonds on the US market, this article considers: what are residential mortgage covered bonds?; issuer/underwriter benefits; investor benefits; role of the agent/trustee; overcoming hurdles; shelter from the storm. The article also contains a table comparing RMBS with RMCBs and information about covered bonds markets in a range of European jurisdictions.
Tony A. Nunes*, The Bank of New York Mellon

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  • Resource ID: 4-380-9030
  • Law stated date: 01-Dec-2007
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