Covered bonds globally have just enjoyed a record January, with €45 billion of supply in the European markets alone. The market grew 45% in 2010 to $311 billion, according Thomson Reuters, but what of Asia-Pacific? Oddly, this part of the world – so important in terms of global GDP and trade, and increasingly in capital market flows – has completely missed out.
There are tentative signs, however, that an Asian covered bond market is in development. In Australia and New Zealand, covered bonds – co
The week on Risk.net, July 7-13, 2018Receive this by email