The sharp decline in the securitization of consumer assets and adverse accounting and regulatory developments for securitization has led many to suggest that the future in consumer finance lies with covered bonds. Covered bond markets in Europe have largely recovered from the credit crisis while US securitization markets remain pretty much closed. Over the past several months, there has been a bill introduced in Congress for US covered bonds and a number of foreign banks coming to the US market to issue covered bonds. Accordingly, it is timely to examine the development of covered bonds and the prospects for the development of a robust covered bond market in the US.
Speakers will discuss:
Jerry Marlatt, Morrison & Foerster
Ben Colice, Barclays Capital
PLI will provide CLE credit.