At the recent Euromoney North American covered bond conference we held an Oxford Union style debate on the motion that “This house believes that America should have a covered bond law”. To many people’s surprise I opposed the motion. Here’s why.
The Euromoney Lebanon Conference will bring together incumbent players, regulators, new entrants, technologists, innovators, and policy-makers to consider at a strategic level how the brave new world of finance can be navigated successfully. For all of those in the financial sector and those who want to understand why this matters, the Euromoney Lebanon Conference will be an insightful, informative and entertaining gateway.
The covered bond directive has a surprisingly large number of paragraphs that make normal people question the intent. The definition of the conditions to trigger an extendable maturity are clearly a political compromise. That’s the wrong starting point.