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By Bill Thornhill 25 Feb 2021 The transposition of the EU's Covered Bond Directive (CBD) into Spanish law is likely to be credit positive, according to a poll of delegates who attended the Association of Financial Markets in Europe’s 12th annual Spanish Capital Markets Virtual Conference on Thursday. Delegates were upbeat about prospects for an improvement in Cédulas credit risk, once the Spanish covered bond law has been updated to take account of the CBD.Although it’s likely that investors’ claims on the pool of assets will be reduced, two thirds of the audience thought this was ......

By Bill Thornhill 28 Jan 2021 Swedish bankers have argued that proposed amendments to the country's covered bond law, which bring it into line with the EU's Covered Bond Directive (CBD), must demand that liquidity buffers in soft bullet bonds cover interest payments during any 12 month extension period, as opposed to covering interest and principal for 180 days — a standard more commonly seen in hard bullet maturities. The Swedish government appointed a committee of inquiry which recently published a consultative report setting out proposed amendments for the Swedish Covered Bond Act, and i...