Covered Bonds – Flight to Quality

Critical Liquidity Source in Times of Stress In the past ten days, covered bonds have shown their value in a crisis for the Canadian banks. They have issued covered bonds in Europe at least seven times in that last ten … Continue reading

Sub-Prime Mortgage Loans

A New Narrative A lot of ink has been spilled assigning liability for the financial crisis to sub-prime mortgage loans.The role of sub-prime mortgage loans was so prominent that it has been called the ‘sub-prime crisis’. But a recent study … Continue reading