9 March 2017
As of today, the Covered Bond Label has been granted to 103 cover pools belonging to 87 Issuers across 16 jurisdictions globally.
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.
Commenting on this development, Luca Bertalot, Covered Bond Label Foundation (CBLF) Administrator, stated:
“We welcome Fédération des caisses Desjardins du Québec’s commitment to the Covered Bond Label. The growing interest in the covered bond asset class by the North American issuer and investor communities goes hand in hand with the global evolution of the Label Initiative, which responds to a worldwide request for common standards, enhanced transparency and comparability in the covered bond industry.”
The Covered Bond Label is open to all covered bond programmes that are compliant with the Covered Bond Label Convention (available here) 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.
Established in 1967, the European Mortgage Federation (EMF) is the voice of the European mortgage industry on the retail side of the business, representing the interests of mortgage lenders at European level.
