"It is crucial that covered funding does not become arbitrary."
Dr. Louis Hagen, President, Association of German Pfandbrief banksMore
position
"At the center of debate is the definition of eligible assets to be funded by step 2 covered bonds."
Jens Tolckmitt, Chief Executive, Association of German Pfandbrief banksMore
analyse
CBPP3: entering the exit
It has been four years since the ECB launched its asset purchases with the CBPP3. Now net purchases are gradually coming to an end: From January 2019 onwards only the redemptions should be reinvested. Will the central bank’s buying strategy in the covered bond market change against this backdrop?
An article of Ted Packmohr, Head of Financials & Covered Bond Research Commerzbank
