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Future of UK covered bond regulations
EARLIER in the year, HM Treasury and the FSA published a joint consultation paper reviewing the UK’s regulatory framework for covered bonds.
The consultation paper proposed new measures which aim to provide greater transparency for investors and to increase the visibility of regulation. The paper proposed new measures relating to regulatory reporting, segregating asset types, asset eligibility, fixed minimum over-collateralisation, an asset pool monitor and investor reporting which may affect the make-up of the current UK covered bond structure (see below).
The consultation will close on 1 July 2011.