The European Parliament adopted by a comfortable majority (448 votes in favour, 199 against, 8 abstentions) the draft Fernández report on the proposal for a regulation to promote the emergence of a market for sovereign bond-backed securities (SBBS) of euro area countries (see EUROPE B12026A3), without amendment on Tuesday 16 April.
MEPs believe that these securities would help to diversify the sovereign exposures of banks and financial investors and broaden the range of low-risk...