On December 6, the Covered Bond Label Foundation (CBLF) announced that Westpac Banking Corporation has joined the Covered Bond Label becoming the third Australian issuer to do so.
The Covered Bond Label now covers a total of 124 issuers and 164 cover pools in 24 jurisdictions. The Covered Bond Label:
- Establishes a clear perimeter for the asset class and highlights the core standards and quality of covered bonds;
- Increases transparency;
- Improves access to information for investors, regulators and other market participants;
- Helps to improve liquidity in covered bonds;
The Covered Bond Label was created by the EMF/European Covered Bond Council (ECBC) in 2012. It was developed by the European issuer community, working in close cooperation with investors and regulators, and in consultation with all major stakeholders.
Read the full press release from CLBF >
Learn more about the Covered Bond Label >