During the evening of Monday 10 September, rapporteur Bernd Lucke (ECR, Germany) presented the committee on economic and monetary affairs (ECON) of the European Parliament with his vision of the European covered bonds label proposed by the Commission (see EUROPE 11979).
Readers may recall that a covered bond is a debt issued by a bank and guaranteed by a separate basket of plan assets on which investors enjoy preferential rights in the event of the issuer's default.
A pan-European framework...