31 May 2017
Commenting on this latest development, Luca Bertalot, Covered Bond Label Foundation Administrator, said:
“The Covered Bond Label is enhancing market transparency best practices at a global level and the decision of Sparebanken Vest Boligkreditt to join this dynamic increases the Label’s foothold in Norway and reinforces the Label’s recognition as the common framework for industry-wide transparency and a qualitative benchmark.”
To recap, the Covered Bond Label is a quality Label, of which the primary purpose is to highlight to investors the security and quality of covered bonds, and to further enhance recognition of and trust in the covered bond asset class.
The Covered Bond Label is open to all covered bond programmes that are compliant with the Covered Bond Label Convention and disclose their data by publishing the Harmonised Transparency Template (HTT). More information on all labelled Issuers and the Label itself can be found on the Covered Bond Label website at www.coveredbondlabel.com.