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Bill Pushes for Government Hand in Covered Bonds
Jun 17, 2009Rep. Scott Garrett (R-NJ) and Rep. Paul Kanjorski (D-PA) on Tuesday introduced the Equal Treatment for Covered Bonds Act, which urges the same legal protections and considerations for covered bonds as for other financial products. The legislation aims to make greater stability and permanence for covered bonds as a liquidity-providing investment tool. Covered bonds are distinct from securitization in many ways. The dual recourse feature, where issuers cover loses on the bonds, is more expensive and the use of bullet redemptions are not historically to the taste of American investors.
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The Sweet Sounds of Smooth Jazz and Corporate Responsibility
Jun 04, 2009 -
Commercial Property in London Bags a Big Pay Day
May 19, 2009 -
Two New Interest Rates Introduced for TALF
Apr 22, 2009 -
Banks Shun Third-Party Bond Broker for Internal Network
Apr 21, 2009 -
Geithner Urges $500 Billion Global IMF Contribution
Mar 12, 2009 -
Firm Wades Back into Distressed RMBS; Is Timing Right?
Dec 09, 2008 -
HSBC Exits Correspondent, Wholesale Lending
Nov 20, 2008 -
For Bloomberg Users, Tracking Losses Moves to Center Stage
Sep 02, 2008 -
RBS Writes Down $11.4 Billion, As U.S. Mortgages Bite
Aug 08, 2008 -
In Distressed Mortgages, MBS Investors Stuck in a Holding Pattern
Jun 23, 2008
