23 February 2017
Following this development, the total number of cover pools under the Covered Bond Label stands at 102 across 16 jurisdictions globally.
The Covered Bond Label is a quality Label which responds to a market-wide request for improved standards and increased transparency in the covered bond market.
Commenting on TD’s accession, Luca Bertalot, Covered Bond Label Foundation (CBLF) Administrator, stated:
“We are delighted to welcome TD on board the Label Initiative. The growing support from the Canadian market is a confirmation of the importance of the Label across jurisdictions and shows that our Harmonised Transparency Template (HTT) has become the global benchmark for transparency in the covered bond market.”
The Covered Bond Label Foundation is committed to the maintenance and further development of the existing high standards of the covered bond asset class in a changing environment. As of the 1st of January 2017, all labelled issuers have to comply with the requirements of the 2017 Covered Bond Label Convention (available here), which entails disclosing their data by publishing the Harmonised Transparency Template.
The European Covered Bond Council (ECBC) is the platform that brings together covered bond market participants including covered bond issuers, analysts, investment bankers, rating agencies and a wide range of interested stakeholders.
