The European Covered Bond Council has recently published the 15th
(2020) edition of its European Covered Bond Fact Book. It includes the latest covered bond statistical data as of end 2019, and can be downloaded from the ECBC website
The 2020 edition of the Fact Book features the following content:
- Chapter I presents an analysis of eleven key themes of the year, offering an overview of the Industry’s perspective on these, such as the latest state of play on the implementation of the Covered Bond Directive, the onset of the COVID-19 pandemic and the anticipated impact of this on covered bond markets.
- Chapter II provides a detailed explanation of covered bond fundamentals, the EU Legislative Package for covered bonds, the implementation of Basel III, the Capital Markets Union (CMU), the Liquidity Coverage Ratio (LCR), Solvency II, bail-in mechanisms (MREL and TLAC), and covered bond protection. This chapter also includes articles outlining the repo treatment of covered bonds by central banks, investigates the relationship between covered bonds and other asset classes, such as senior unsecured and government bonds, and describes the USD, GBP and domestic currency denominated covered bond markets.
- Chapter III presents an overview of the legislation and markets in 42 different countries, demonstrating the worldwide success and recognition, and the continued spread of the asset class.
- Chapter IV sets out credit rating agencies’ various covered bond methodologies.
- Chapter V provides a description of trends in the covered bond market, as well as a complete set of covered bond statistics up to the end of 2019.
Both the Australian and New Zealand covered bond markets are included in the publication.
The covered bond market statistics for 2019 are available via the ECBC website here
and a short video introduction of the statistics by the Chairman of the ECBC Statistics & Data Working Group can also be found there. The ECBC data covers market developments over the past 17 years for 34 different countries.
Visit the ECBC website >