Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
Nordic covered bonds
Author: Nordic Covered Bonds - Sweden
Author: Nykredit MarketsNordic Covered Bonds - Denmark
Author: Nykredit MarketsCovered Bonds
Author: Jonathan L. GolinPublisher: Euromoney Books
ISBN: 9781843742197
Category : Business & Economics
Languages : en
Pages : 354
Book Description
The covered bonds markets are rapidly expanding in terms of issuance, geographic reach and the launch of new structured alternatives. New issue volumes exceeded 130bn euros by mid-October 2005 alone.Covered bonds are now being issued in new juisdictions across emerging Europe. The UK and the Netherlands are developing their own alternatives. The US and Canadian markets are poised for development.This new book guides you through the legislation, structures and investor opportunities in covered bonds, ensuring you understand these new developments across Europe and North America.
Nordic Regional Report
Author: International Monetary Fund. European Dept.Publisher: International Monetary Fund
ISBN: 1475589514
Category : Business & Economics
Languages : en
Pages : 48
Book Description
This paper examines 2013 Cluster Consultation—a Nordic Regional IMF staff report. Denmark, Finland, Norway, and Sweden that form the Nordic region share a set of strong economic and social institutions and policies, with emphasis on education, high income equality, high employment, innovative and competitive business environment, etc. The IMF report suggests that strong national financial sector policies and regional cooperation would help mitigate common challenges and shared risks. Cooperative regional policies, such as introducing binding macroprudential minima and clear ex ante burden-sharing arrangements are expected to help limit the costs from any large bank failures.
Norway
Author: International Monetary Fund. Monetary and Capital Markets DepartmentPublisher: International Monetary Fund
ISBN: 1513516663
Category : Business & Economics
Languages : en
Pages : 25
Book Description
This Technical Note reviews linkages and interconnectedness in the Norwegian financial system for Norway. Norway’s banks have important connections with global financial centers, but regional links are also important. Norwegian banks are very dependent on global financial centers as sources of funding and to hedge currency risks. Cross-sectoral exposures of Norway’s banks, insurance companies, and real estate companies are significant and extend beyond the Nordic region. The authorities are encouraged to expand their current monitoring efforts of crossborder and cross-sectoral exposures of the Norwegian financial sector, and to conduct regional stress tests. For this effect, the authorities can resort to market data and, if available, to balance sheet data of exposures at the individual financial institution level.
Sweden
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 146390360X
Category : Business & Economics
Languages : en
Pages : 23
Book Description
As in other advanced economies, there has been a significant run-up of household debt in Sweden during the last two decades accompanied by rising housing prices, prompting concerns about sustainability and the implications for financial stability. The rise in household debt and the banking system’s increased exposure to mortgage debt resulted with the changes in the macroeconomic environment. The note explores implications for financial stability of household indebtedness as well as Sweden's specific institutional features to ensure resilience of the financial system.
Covered Bonds
Author: Wei ZhaoPublisher:
ISBN: 9781614701187
Category : Covered bonds
Languages : en
Pages : 0
Book Description
This book examines the features and proposals of residential covered bond utilization and future issues for the 112th Congress. Covered bonds are a relatively common method of funding mortgages in Europe, however uncommon in the United States. A covered bond is a recourse debt obligation that is secured by a pool of assets, often mortgages. The holders of the bond are given additional protection in the event of bankruptcy or insolvency of the issuing lender. Because some believe that the sub-prime mortgage turmoil may have been influenced by poor incentives for lenders using the securitization process, some policymakers have recommended covered bonds as an alternative for U.S. mortgage markets. Although covered bond contracts are not prohibited in the U.S., some policymakers believe that legislation and agency rulemaking could facilitate the growth of a domestic covered bond market.
Covered Bonds Handbook
Author: Anna T. PinedoPublisher:
ISBN: 9781402412943
Category : Asset-backed financing
Languages : en
Pages : 0
Book Description
Covered Bond Handbook is the first comprehensive guide to these time-tested financing alternatives, helping you to take full advantage of these debt instruments.
Denmark
Author: International Monetary Fund. Monetary and Capital Markets DepartmentPublisher: International Monetary Fund
ISBN: 1498327575
Category : Business & Economics
Languages : en
Pages : 27
Book Description
This technical note analyzes systemic issues in mortgage loans and covered bond finance in Denmark. Mortgage lending has seen significant product innovation in recent years. Loans with adjustable interest rates and/or interest-only periods, which have been introduced since the late 1990s, had grown to 75 percent and 53 percent, respectively, of total outstanding mortgage loans at the end of 2013. The major changes in the characteristics of the underlying mortgage loans have naturally been reflected in an important evolution of the covered bond market. Traditionally, covered bonds were callable annuities with maturities closely matching those of the underlying fixed rate loans. In contrast, adjustable and variable interest rate loans are financed by bonds with short maturities.