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Article: Covered Bond Experts Develop U.S. Paradigm.(ABS)
- Article from:
- Asset Securitization Report
- Article date:
- September 15, 2008
CopyrightCOPYRIGHT 2008 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gabrielle Stein
As ABS industry participants scour the market for new deals, covered bonds remain a beacon of potential liquidity for the desiccative pipeline. One question, however, remains: Where are these new programs?
Earlier this summer, when the Federal Deposit Insurance Corp. (FDIC) released a final policy statement on the covered bond market and the U.S. Deptartment of the Treasury announced a push for issuance in the sector with the release of a "Best Practices" document, market participants cheered. The thought was that this new source of funding could provide the credit markets a necessary jump start.
In an effort to assemble ...