Covered Bonds Issues in the 112th Congress

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division

Language:

English

Subjects (All):

Administrative law.

Business cycles.

Finance--Law and legislation.

Finance.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2011

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. Reviews agency actions on covered bonds, and explains European experience with covered bonds during the financial crisis. Provides appendix summarizing 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

Notes:

CRS Report

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Jan. 2013). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version Library of Congress. Government Division. Covered Bonds

Publisher Number:

CRS-2011-GVF-0198

Access Restriction:

Restricted for use by site license