Sovereign bond-backed securities could improve eurozone stability – ESRB

philip-lane-central-bank-of-ireland-15-web
Philip Lane: changes to the eurozone’s regulatory treatment of sovereign exposures would affect demand for SBBS
Central Bank of Ireland

Creating a new asset class of sovereign bond-backed securities could improve the financial stability of the eurozone, according to a report by a task force working for the European Systemic Risk Board.

The report also says the securities, called SBBS, would need to be carefully designed, and would entail a number of significant regulatory changes. Central Bank of Ireland governor Philip Lane, who chaired the task force, says eurozone regulators would have to pass “an SBBS-specific enabling

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: