Covered bond legislation is expected within the
next month, according to speakers at the American
"With the legislative process gearing up in March,
February or March makes a lot of sense," said Scott Stengel,
partner at Orrick Herrington & Sutcliffe in Washington DC.
He added that the legislation, championed by Representative
Scott Garrett, has a greater chance of passing this time.
"This is a product that at least in the hearings in the
House and the...