15 November 2016
Following the bank’s accession, the total number of cover pools under the Covered Bond Label now stands at 97.
Commenting on this latest development, Luca Bertalot, Covered Bond Label Foundation Administrator, said:
“The decision of Sp Mortgage Bank Plc to join the Covered Bond Label confirms the willingness of core covered bond market participants to significantly enhance transparency by broadly implementing the Harmonised Transparency Template (HTT). This reinforces the Covered Bond Label’s recognition as the industry quality benchmark. We are confident that the Labelled issuers’ commitment to harmonisation and transparency facilitates investors due diligence and supports them in making informed investment decisions. Furthermore, the Covered Bond Label Initiative highlights the importance of the covered bond asset class in the current political debate on the establishment of the European Capital markets Union.”
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. The Covered Bond Label is open to all covered bond programmes that are compliant with the Covered Bond Label Convention.
Information on all Covered Bond Label issuers as well as more information regarding the Covered Bond Label itself can be found at www.coveredbondlabel.com.