In Strasbourg on Tuesday 4 July, the European Parliament adopted an own-initiative report calling on the European Commission to present a directive on a pan-European framework for covered bonds – bonds the servicing of which is guaranteed by mortgages or public-sector receivables.
The report, which was adopted by a large majority (543 to 99 with 56 abstentions), with no amendments since its adoption by the economic and monetary affairs committee (see EUROPE 11813), calls upon the...