On Tuesday 26 June 2018, from 10.00 to 12.00 UK time, the European Banking Authority (EBA) will be holding a public hearing to outline its draft answer to the Commission's Call for Advice (CfA) on the European Secured Notes. The hearing comes ahead of the publication of the EBA's final report, which is expected by mid-July 2018.
The Commission's CfA is asking the EBA 1) to assess whether a dual-recourse instrument similar to covered bonds may provide a useful funding alternative to banks engaged in lending to SMEs and lending to infrastructure projects 2) to advise on the potential structure of this new product and 3) to determine an appropriate EU framework and regulatory treatment.
A presentation of the draft report will be uploaded on the EBA website one week ahead of the public hearing.
To register to the public hearing, click here