PLI Webcast: Legal and Market Considerations in Covered Bonds


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


Jerry Marlatt, Morrison & Foerster

Ben Colice, Barclays Capital

PLI will provide CLE credit.




Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.