Covered Bonds are an important part of the financing of the mortgage and public sector markets in Europe. Furthermore the asset class represents an important source of term funding for banks. Therefore a thriving Covered Bond market is essential for the future of the European banking sector and European citizens’ possibility to finance house loans at a reasonable rate.
The ICMA AMIC Covered Bond Investor Council was an investor driven organisation, independent of both issuers and the market, which ICMA supported with secretariat and administrative services. The CBIC represented investors interested in the European covered bond market.
Formal responses to regulatory initiatives as well as to market proposals, including the CBICs own work on transparency, are available here.