Sovereign bond-backed securities could improve eurozone stability – ESRB

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

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