Covered Bond Fight Takes New Turn After German-Danish Talks
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Denmark is in talks with some of Europe’s most powerful governments to ensure a plan to give its covered bonds second-class liquidity status is dismissed.
Economy Minister Margrethe Vestager said a meeting in Berlin this week with German Finance Minister Wolfgang Schaeuble to discuss the merits of Denmark’s mortgage-backed covered bond market was “very positive.” In her search for allies across Europe, Vestager says similar meetings have been arranged in Paris and Warsaw.