Covered Bond Label / Label / Covered Bond Label

About Us

Covered Bond Label

The Covered Bond Label is a quality Label which responds to a market-wide request for common qualitative and quantitative standards and for an enhanced level of transparency and comparability in the covered bond market.

 

  • Establishes a clear perimeter for the asset class and highlights the core standards and quality of covered bonds;
  • Increases transparency;
    Improves access to information for investors, regulators and other market participants;
  • Has the additional objective of improving liquidity in covered bonds;
  • Positions the covered bond asset class with respect to the upcoming regulatory environment (CRD IV/CRR, Solvency II, redesign of ECB repo rules, etc.).

 

The Label is based on the Covered Bond Label Convention, which defines the core characteristics required for a covered bond programme to qualify for the Label. This definition of the required characteristics is complemented by the Harmonised Transparency Template.

The Covered Bond Label was created by the EMF/European Covered Bond Council (ECBC) in 2012. It was developed by the European issuer community, working in close cooperation with investors and regulators, and in consultation with all major stakeholders.

 

Mission & objectives

The primary purpose of the Covered Bond Label is to highlight to investors the security and quality of covered bonds, and to further enhance recognition of and trust in the covered bond asset class.
 

Regulatory Recognition:

  • To enhance the quality, overall regulatory recognition of and trust in the asset class.
  • To protect / ring-fence the covered bond asset class.

High Standards:

  • To identify and further develop the existing high standards and quality features that define the product.
  • The definition, through the Label Convention, of the essential features that characterise the asset class, i.e. the features necessary for a product to qualify as a covered bond.

Transparency:

  • To facilitate and improve access for investors, regulators and other market participants to centralised, comprehensive & up-to-date qualitative and quantitative information.

Liquidity:

  • To promote liquidity and strengthen an active secondary market.
     

The Label is based on the Covered Bond Label Convention, which defines the core characteristics required for a covered bond programme to qualify for the Label. This definition of the required characteristics is complemented by the Harmonised Transparency Template.

The Covered Bond Label was created by the EMF/European Covered Bond Council (ECBC) in 2012. It was developed by the European issuer community, working in close cooperation with investors and regulators, and in consultation with all major stakeholders.

 

Liability Transparency

The CB Label provides staistics ISIN by ISIN, Issuer by Issuer of every covered bond with a direct link to its cover assets

Investors have at disposal comparable set of data across the globes

Regulatory Transparency

The CB Label provides a unique regulatory database of the major CB markets around the world, with legislative summaries of legal frameworks and original legislative text in English.

Asset Transparency

The CB Label provides asset disclosure comparable at global level with the Harmonised Transparency Template (HTT)