Verband deutscher Pfandbriefbanken

Benoît Cœuré: Interview with the Association of German Pfandbrief Banks

Retrieved on: 
Thursday, May 9, 2019
Economy, Finance, Money, Financial markets, Pfandbrief, Eurozone, Economy of the European Union, Covered bond, Verband deutscher Pfandbriefbanken, Bank, Euro, Bond

Interview with the Association of German Pfandbrief Banks

Key Points: 
  • Interview with the Association of German Pfandbrief Banks

    Interview with Benot Cur, Member of the Executive Board of the ECB, published on 8 May 2019

    In what context did you first come across Pfandbriefe?

  • Thats when I first came across Pfandbriefe as an important building block of Europes fixed income market.
  • The covered bond purchase programme, for example, has lowered banks funding costs directly and thereby encouraged banks to extend more credit to firms and households at more attractive levels.
  • The ECB also sees merit in the proposed directive serving as a basis for new national legislation on covered bonds.