Moreover, the new legislation stipulates that only one dynamic cover pool will back all covered bonds, rather than a static pool backing each issuance.
For more information, please see the attached file or the Romanian version of the article, here.
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The proposed new legislation would introduce, among other provisions, a minimum 2% required overcollateralization, and 180-day mandatory liquidity coverage.
Moreover, the new legislation stipulates that only one dynamic cover pool will back all covered bonds, rather than a static pool backing each issuance.
For more information, please see the attached file or the Romanian version of the article, here.
