DCM desks unprepared for new covered bond rules
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DCM desks unprepared for new covered bond rules


More than half of the eight DCM bankers who spoke to Practice Insight did not know that the European Covered Bonds Directive, due in 2019, even exists. Others are concerned about its effects on third-country counterparties as a source at the European Commission confirms here that any form of equivalence regime will take years

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