Mats Anderson, Cheuvreux bank equity analyst, gives a first take on third quarter results announced by some of the largest Nordic banks this week.

Stein Sjølie, director, Finance Norway, spoke to The Covered Bond Report’s Neil Day about the Norwegian FSA’s announcement that it could restrict covered bond issuance by Norway’s banks.

Danske Bank would like to clarify two points raised in last week’s In Conversation.

Any shift to more unsecured funding prompted by possible restrictions on covered bond issuance by the Norwegian FSA could prove challenging, Moody’s cautioned on Monday, although it said such a move could benefit senior bondholders.

A covered bond roadshow for Norway’s Terra BoligKreditt was the only Nordic FIG primary market-related activity this week despite markets being open, said syndicate bankers, while Nordic covered bond secondary spreads have been stable.

The Covered Bond Report’s Neil Day spoke to Anne-Claire Lacharme and Franck Mugat, fixed income portfolio managers at Allianz Global Investors France, about their views on Nordic covered bonds’ performance, liquidity and more.

Florian Eichert, Senior Covered Bond Analyst at Crédit Agricole CIB, explores how Nordic investors’ growing readiness to look at peripheral credits could be frustrated by delays in reopening credit lines, while supply from local credits is held back by regulatory noises.

An Irish Senator’s call to establish a new covered bond system incorporating the Danish balance principle has been rejected by the country’s Minister of Finance, who said he is “very supportive” of the country’s existing covered bond framework.

Sweden’s covered bond legal framework is above average, with strengths outweighing weaknesses, Moody’s said on Monday upon releasing the second in a special series of reports that assess and rank a common set of legal features in covered bond jurisdictions.

The Norwegian FSA may impose higher capital charges on issuers or restrict their issuance if it considers that they are tying up too much collateral in covered bonds, it said on Tuesday, calling for consideration to be given to limits on encumbrance resulting from covered bond issuance.