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ECBC Fact Book & Statistics

ECBC European Covered Bond Fact Book

The EMF-ECBC is pleased to present the latest edition of the ECBC European Covered Bond Fact Book, which is intended to be a benchmark and comprehensive source of information on the covered bond asset class.

 

 ECBC COVERED BOND STATISTICS

The Excel data files for the latest edition of the ECBC Fact Book can be downloaded by clicking here.

The Contributors of ECBC Covered Bond Statistics can be downloaded by clicking here.

The ECBC European Covered Bond Fact Book 2019 presents 12 articles on “Key Themes of the Year” in Chapter I:

  • 1.1

    COVERED BOND HARMONISATION: A MILESTONE REACHED

  • 1.2

    COVERED BONDS FROM A GLOBAL PERSPECTIVE: EXPANDING THE INTERNATIONAL FOOTPRINT

  • 1.3

    ECB POLICY MEASURES AND COVERED BONDS: A MOVING FINISH LINE

  • 1.4

    LIQUIDITY AND TRADING VOLUME IN THE EU COVERED BOND MARKETS

  • 1.5

    SEMI-BENCHMARK COVERED BONDS – REFLECTIONS ON AN EMERGING SEGMENT

  • 1.6

    EXTENDABLE MATURITY STRUCTURES – THE NEW STANDARD

  • 1.7

    THE EBRD AT THE FRONT ROW OF CEE COVERED BONDS #EBRDMORE

  • 1.8

    THE DIFFERENT DIMENSIONS OF SUSTAINABLE COVERED BONDS

  • 1.9

    ENERGY EFFICIENT MORTGAGES INITIATIVE: THE ENGAGEMENT OF THE MORTGAGE INDUSTRY TO DELIVER SUSTAINABLE FINANCE FOR THE HOUSING SECTOR

  • 1.10

    PUBLIC SECTOR COVERED BONDS - A KEY INSTRUMENT TO FINANCE PUBLIC SECTOR INVESTMENTS AND LARGE EXPORT CONTRACTS

  • 1.11

    EUROPEAN SECURED NOTES (ESNS) ASSET CLASS

  • 1.12

    INVESTOR PERSPECTIVE

CHAPTER II "GENERIC SECTION"

provides a detailed explanation of covered bond fundamentals, including reviews of some of the current European regulatory changes that have had/are bound to have a direct, significant impact on covered bonds, mainly the Capital Requirements Directive and Regulation (CRD IV and CRR), the Liquidity Coverage Ratio, Solvency II, bail-in mechanisms (MREL AND TLAC) and covered bonds protection under the BRRD (Bank Recovery and Resolution Directive). This chapter also includes articles outlining the repo treatment of covered bonds by central banks, investigating the relationship between covered bonds and other asset classes such as senior unsecured and government bonds, and describing the USD, GBP and domestic currencies denominated covered bond market.

CHAPTER III "THE ISSUER'S PERSPECTIVE"

presents an overview of the legislation and markets in 42 countries, which demonstrates the worldwide success and recognition of the asset class.

CHAPTER IV "RATING AGENCIES & METHODOLOGY"

gives the rating agencies the opportunity to present their covered bond methodologies.

CHAPTER V "COVERED BOND STATISTICS"

provides a description of trends in the covered bond market as well as a complete set of covered bond statistics.

Please note that this update replaces the 2018 edition of the ECBC Fact Book, which is available on request by contacting info@hypo.org.

PRINTED COPIES

A limited number of printed copies of the latest edition of the Fact Book are available to ECBC members on request. Please contact info@hypo.org.

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FACTBOOK

To download the latest ECBC European Covered Bond Fact Book, please complete this form and click on “Download”. You will then receive an e-mail with the download link.