Press release

COVID-19: European Mortgage Federation – European Covered Bond Council Support for EU Institutions

Brussels, 26 March 2020 – For immediate release

In the context of the current COVID-19 outbreak and the significant impacts that this is now expected to have on the global economy, the European Mortgage Federation – European Covered Bond Council (EMF-ECBC) stands ready to act in the interests of consumers, lenders and investors to help secure financial stability and stimulate socio-economic recovery. To this end, the EMF-ECBC is keen to play its part as a market catalyst and think tank at European and global levels, fostering and coordinating market and policy actions focused on immediate measures to mitigate adverse systemic impacts.

In particular, we are acutely aware of and concerned about the potential consequences of this outbreak on the economic well-being of each and every European citizen in terms of changes in their income and ongoing living costs, as well as the potential impacts on the entire value chain, the functioning of capital markets and ability of investors to conduct due diligence.

In this respect and being mindful of the role our Industry can play in supporting efforts to address this and future economic challenges, the EMF-ECBC is at the complete disposal of the European Institutions to offer its intelligence, expertise and network to support actions responding to this unprecedented crisis.