Yesterday ICMA released updated Green Bond and Social Bond principles along with “best practice guidelines for external reviewers, a mapping to the Sustainable Development Goals and a framework for social bonds impact reporting”.
A letter sent jointly by AFME, ICMA, and various pan-European, Dutch and German trade bodies repeats the points you have read in this blog about the continuing very uneven playing field for securitisation compared to other fixed income instruments, and especially covered bonds: for Solvency II, the risk factors remain too high for non-senior tranches […]
- Posted by Bryony Widdup
- On 11 April 18
- Capital Requirements, Enforcement, GMRA, ICMA, Legal opinions
The International Capital Markets Association obtains and annually updates legal opinions for its members. The opinions cover enforceability of the GMRA and associated documents including recharacterisation risk (in respect of both the transfer of securities and the transfer of margin) and the effect of netting provisions (including as required with regard to financial institution regulatory […]