Spanish Covered Bonds Law: positives outweigh the negatives

DBRS Morningstar invites you to attend a webinar on the updated law on Spanish covered bonds on 17 November 2021 at 3:00 p.m. GMT / 4:00 p.m. CET / 10:00 a.m. EST. The webinar will be hosted by Mudasar Chaudhry, Head of Structured Finance and Covered Bonds Research. Chaudhry will be joined by Tomas Rodriguez-Vigil Junco, Vice President, European RMBS and Covered Bonds, and Ketan Thaker, Managing Director and Head of European RMBS and Covered Bonds. On 3 November 2021, the Spanish Government published the Royal Decree-law (the Law) that transposes the European Commission’s Covered Bond Directive (the Directive), which outlines the harmonisation of covered bond frameworks across Europe, into Spanish law. The Law aligns with the Directive and includes several positive features for Spanish covered bond programmes. DBRS Morningstar's first understanding of the updated rules, and summary of the most relevant changes can be found in its “The Updated Law on Spanish Covered Bonds: Well Aligned with the European Directive” commentary. The discussion will last approximately 25 to 30 minutes and will be followed by an interactive question-and-answer session. DBRS Morningstar welcomes all who wish to participate.