Covered Bonds. : Issues in the 111th Congress.

Format:

Book

Government document

Author/Creator:

Library of Congress. Congressional Research Service.

Language:

English

Subjects (All):

Business cycles.

Government securities.

Europe.

Physical Description:

1 online resource (15 pages, digital, PDF file)

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2010.

System Details:

text file

Summary:

Examines policy issues related to covered bonds, which are recourse debt obligations that are secured by a pool of assets, such as mortgages. Discusses various definitions of covered bonds, and analyzes economic advantages and disadvantages of use of covered bonds compared with securitization. Summarizes H.R. 2896, the Equal Treatment for Covered Bonds Act of 2009, to provide definition for covered bonds and specify regulatory authority of Federal financial regulators for covered bonds; and H.R. 4884 and H.R. 5823, both titled the U.S. Covered Bond Act of 2010, to provide a statutory covered bond framework similar to some European countries. Reviews agency actions on covered bonds, and explains European experience with covered bonds during the financial crisis.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Sept. 2012). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress.Congressional Research Service. Covered Bonds

Access Restriction:

Restricted for use by site license.