Covered Bonds

Despite a somewhat boring appearance, many investors are flocking to the covered bond market as an alternative to bank bonds and asset-backed securities market. But are covered bonds the holy grail? Or are there legal and other risks that lurk in the mist? Some thoughts for a research paper below.

Covered Bonds Spider

Useful websites:

- (both on the UK reforms, as well as on the development of a US covered bond framework)

- (Exposure Draft with submissions from market participants on the proposed covered bond legislation in Australia)

- (subscription service)

- (various podcasts on covered bonds available for download, both generic and specific to the Australian covered bond market)