ECB asks for changes to EU’s covered bond proposals
Suggested new regime could lead to significant national differences within EU, ECB says
The European Central Bank has called for a number of changes to proposals by the European Union’s lawmakers and national governments to change the regulation of covered bonds.
The European Council, which brings together the governments of the different member states, sent the ECB its proposals for changing the covered bond market on March 28. The European Parliament followed suit with similar proposals on April 13. The ECB must be consulted over the changes under European law, as they would
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