Industry Moves

Early EBA liquidity ranking boosts covered bonds’ LCR case

Oct 24th, 2013
EBA offices in London

Covered bonds are virtually as liquid as government bonds, according to a “very preliminary” draft ranking released by the European Banking Authority yesterday (Wednesday), which market participants have said puts the asset class in a strong position to be considered as Level 1 assets in Liquidity Coverage Ratios.

ECBC set for Label CRD compliance showdown

Sep 19th, 2013

The European Covered Bond Council will soon take a final decision on adopting CRD compliance as a criterion for the Covered Bond Label, shortly after the issue proved contentious at a meeting last week.

Riksbank veteran Persson to head Nordea group funding

Aug 1st, 2013

Nordea has recruited Swedish central banker Mattias Persson as head of group funding to replace Fanny Borgström, the bank announced in mid-July.

‘Legend’ Borgström to leave Nordea in August

May 2nd, 2013

Fanny Borgström, senior vice president and head of group funding at Nordea, is leaving the Nordic financial group in August.