Jesper Berg joined the Danish FSA (Finanstilsynet) from Nykredit yesterday (Thursday) as its new director general.

A Swedish government plan to introduce a legislative 2% minimum overcollateralisation level – prompted by EU derivatives clearing regulations – would be credit positive for covered bonds, according to Moody’s.

The European Commission is open to allowing voluntary convergence of covered bond frameworks around EBA best practices, alongside a possible tightening of CRR eligibility, as an alternative to legislating moves towards harmonisation in a consultation paper released on Wednesday.

Swedish Covered Bond Corporation (SCBC) adjusted its pricing expectations in the face of a widening market when printing a Eu750m five year covered bond on Monday, according to an official at the issuer, who said the outcome was a strong result in difficult conditions.