US covered bond rules imminent

Author: | Published: 9 Feb 2011

Covered bond legislation is expected within the next month, according to speakers at the American Securitization Forum.

"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...