PLI Webcast: Legal and Market Considerations in Covered Bonds

5/10/2010

Corporate Finance | Capital Markets, Covered Bonds, Structured Finance + Securitization, and Financial Institutions + Financial Services

Webinar

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:

  • Development of covered bonds in Europe and the principal characteristics of European covered bonds and the covered bond market

  • Issuance of covered bonds by US banks

  • Issuance of covered bonds by Canadian banks

  • The attraction of covered bonds to investors and issuers

  • Covered bonds compared to securitization

  • Current structure of US and Canadian covered bonds

  • Proposed legislation for issuance of covered bonds by US banks

  • Why legislation would be beneficial for US bank issuers

  • Prospects for proposed legislation

  • Prospects for a US market in covered bonds

Speakers:

Jerry Marlatt, Morrison & Foerster

Ben Colice, Barclays Capital

PLI will provide CLE credit.

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