MEPs of the European Parliament's Economic and Monetary Affairs Committee adopted on Tuesday 20 November the two draft reports prepared by Bernd Lucke (ECR, Germany) on the proposal to create a European label for covered bonds (see EUROPE 11979).
As a reminder, a covered bond is a debt issued by a credit institution and guaranteed by a separate cover pools for assets over which investors have a preferential right in the event of default by the issuer.
In the report on the directive,...