EBA will hold a public hearing on June 26, 2018 to outline its draft answer to the EC's Call for Advice on the European secured notes. The hearing comes ahead of the publication of EBA's final report, which is expected by mid-July 2018.
A presentation of the draft report will be uploaded on the EBA website one week ahead of the public hearing. EC's Call for Advice is asking EBA to:
- Assess whether a dual-recourse instrument similar to covered bonds may provide a useful funding alternative to banks engaged in lending to small and medium-size enterprises (SMEs) and lending to infrastructure projects
- Advise on the potential structure of this new product
- Determine an appropriate EU framework and regulatory treatment
Related Link: Press Release
Keywords: Europe, EU, Banking, Covered Bonds, European Secured Notes, EBA
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