Completion Capital Markets Union, Draft Directive of the European Commission on Covered Bonds
Association of German Pfandbrief Banks
On 12 March 2018, the European Commission presented the long-awaited “Proposal for a directive on the issue of covered bonds and covered bond public supervision and amending Directive 2009/65/EC and Directive 2014/59/EU”. In parallel to this, an amendment of Article 129 CRR was also proposed, complementing the requirements on the preferential risk weighting of covered bonds. The two proposals are part of the package of measures designed to complete the Capital Markets Union.