Posts Tagged ‘ Danmarks Nationalbank ’

EC stresses EU-specific factors to raise Level 1 LCR hopes

Jan 16th, 2014
Press conference by Michel Barnier

The European Commission will take into account “features specific to the EU banking system and financial markets” in addition to European Banking Authority (EBA) reports and international standards when deciding on covered bonds’ status in the LCRs, according to an EC spokesperson.

Danish government in forced extension ‘game changer’

Nov 7th, 2013
Christiansborg Castle, seat of the Danish government

The Danish government yesterday (Wednesday) moved decisively to address concerns about refinancing risks in its mortgage system by announcing that from 1 January many covered bonds, including those related to ARMs, will face forced extension in certain stressed scenarios.