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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 2018 presents 11 articles on “Key Themes of the Year” in Chapter I:

  • 1.0

    Covered Bond Harmonisation: A Milestone Reached.

  • 1.1

    Covered Bond Purchase Programme 3: Preparing for the Final.

  • 1.2

    Liquidity and trading volume in the EU Covered Bond Market.

  • 1.3

    Divining the Future for (Retained) Covered Bond Supply in Light of TLTRO Repayments.

  • 1.4

    Extendable Maturity Structures: The New Standard.

  • 1.5

    Capital Market Union - Moving Eastwards.

  • 1.6

    Macroprudential Measures in Real Estate Markets and their Effect on Covered Bonds.

  • 1.7

    Energy Efficient Mortgages Initiative: The Dawn of a New Asset Class & its Impact on Covered Bond Funding.

  • 1.8

    Local Public Sector Investments and Export Loans – Public Sector Covered Bonds as Key Funding Instrument.

  • 1.9

    European Secured Notes as a New Asset Class.

  • 1.10

    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 and GBP denominated covered bond market.

CHAPTER III "THE ISSUER'S PERSPECTIVE"

presents detailed explanations on the legislation and markets for covered bonds in 39 countries.

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 2017 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.