Dire conditions in the securitisation market in the Netherlands have highlighted the need for a covered bond law. Despite the relatively robust securitisation market, Dutch mortgage lenders have found it hard to raise funds as liquidity began drying up from the middle of 2007. As investors flee towards safe-haven products, lenders are keener than ever to set up covered bond programmes to fund their mortgage business.
As yet, covered bonds in the conventional sense of the term do not exist in the
The week on Risk.net, July 7-13, 2018Receive this by email