Corporate Governance

Treasury Encourages Development of Covered Bonds in the U.S. and Issues “Best Practices”

By Harvard Law School Program on Corporate Governance

My colleagues Randall Guynn and Joerg Riegel and I have recently written a memorandum entitled Treasury Encourages Development of Covered Bonds in the U.S. and Issues ?Best Practices?, which discusses the Treasury Department’s issuance of Best Practices for U.S. Covered Bonds intended to set standards for the development of a covered bond market in the U.S. The memorandum describes the salient terms of the Best Practices and discusses other recent events in the development of regulatory support and a market infrastructure (such as electronic trading or acceptance of covered bonds as collateral) for covered bonds. The memorandum also analyzes the current U.S. legal structure supporting covered bonds and comments on the possible development of market practices.

The memorandum is available here.

Full post as published by The Harvard Law School Corporate Governance Blog on September 19, 2008 (boomark / email).