AFME suggests changes to improve covered-bond market

AFME is proposing changes to Europe's covered-bond market to improve transparency and liquidity. The group, along with the European Covered Bond Council, says companies interested in expanding the investor base of covered-bond deals by using private markets should publicly announce the efforts. "It's purely a transparency issue: It's a good way to show the regulators and the European Commission that the industry can make recommendations to itself," said James Kotsomitis, managing director for covered bonds at AFME.

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