Publications

ECBC Fact Book & Statistics

The ECBC European Covered Bond Fact Book 2023 presents 10 articles on “Key Themes of the Year” in Chapter I:

 

 

  • 1.1

    Covered Bonds in the Environment of Rapidly Changing Interest Rates and Real Estate Markets

  • 1.2

    Sustainable Covered Bonds: Market Overview

  • 1.3

    Green Covered Bonds: An Important Contribution to Climate Neutrality

  • 1.4

    Social/Sustainability Covered Bonds- Growing Focus on Social Housing

  • 1.5

    A Sustainable Housing Market: Towards A New Ecosystem Supporting The Transition Economy

  • 1.6

    Sustainable Data Disclosure: What to Expect?

  • 1.7

    Covered Bond Investors Meet The Surge In Issuance With Increased (Above All Short-End) Demand

  • 1.8

    Liquidity and Trading Volume in the EU Covered Bond Markets

  • 1.9

    The Transposition of the Covered Bond Directive: Taking Stock

  • 1.10

    Covered Bonds Evolve as They Expand Beyond Traditional Markets

  • 1.11

    The Rise Of New Covered Bond Markets

  • 1.12

    Liquidity and Volume in the EU Covered Bond Markets

CHAPTER II "GENERIC SECTION"

provides a detailed explanation of covered bond fundamentals, explores regulatory issues, the Capital Markets Union (CMU), the Liquidity Coverage Ratio (LCR), Solvency II, bail-in mechanisms (MREL and TLAC), and covered bond protection. This chapter also includes articles outlining the repo treatment of covered bonds by central banks, investigates the relationship between covered bonds and other asset classes, such as senior unsecured and government bonds.

CHAPTER III "THE ISSUER'S PERSPECTIVE"

presents an overview of the legislation and markets in 42 different countries, demonstrating the worldwide success and recognition, and the continued spread of the asset class.

CHAPTER IV "RATING AGENCIES & METHODOLOGY"

sets out credit rating agencies’ various 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 up to the end of 2022.

Please note that this update replaces the 2022 edition of the ECBC Fact Book, which is available on request by contacting info@hypo.org.

Further Questions

Please contact us at info@hypo.org