Market Initiatives

European Secured Note

In the context of the Capital Markets Union debate, the EMF-ECBC has analysed the potential for the creation of a new financial instrument in the European Union, the European Secured Note (ESN), that could benefit from the market best practices of both traditional covered bonds and securitisation.

EMF-ECBC Energy Efficient Mortgages Initiative

In September 2016, the EMF-ECBC launched a ground-breaking mortgage financing initiative to support energy efficient improvements to the European building stock.



The Covered Bond Label increases transparency in the covered bond market and improves access to information for investors, regulators and other market participants.

Mortgage Consumer Guide - The Guide is intended in particular to provide a clear and transparent overview of the different steps involved in taking out and repaying a mortgage loan and to deliver an easy to understand explanation of the rules in place at EU level.


The Covered Bond Comparative Database is a unique tool to compare key features of each covered bond jurisdiction and to access information on national covered bond legislation.