Moving forward with the ECBC Covered Bond Label

22 May 2012

The European Covered Bond Council (ECBC) is moving forward with the implementation of the Covered Bond Label infrastructure, and is on target to go live in Q4 2012.

The ECBC Covered Bond Label responds to a market-wide request for improved standards and increased transparency in the European covered bond market.

The Label:

• establishes a clear perimeter for the asset class;
• highlights to investors the core standards and quality of covered bonds;
• provides improved transparency and access to information at cover pool and issuance levels; and
• has the objective of improving liquidity in covered bonds.

The ECBC Covered Bond Label has been developed by the European issuer community, working in close cooperation with investors and regulators, and in consultation with all major stakeholders. The Label is based on the ECBC Covered Bond Label Convention, which defines the core characteristics required for a covered bond programme to qualify for the Label.

Regulatory preferential treatment for covered bonds in the EU will be determined by way of a complex decision process involving a range of policymakers: European Commission, European Parliament, European Banking Authority, European Central Bank, National Governments and National Regulators.

Press release

Letter to the issuer

© ECBC - European Covered Bond Council