Press Release June 25, 2018

European Commission’s Sovereign Bond-Backed Securities (SBBS) Proposal Unlikely to Work and Could Undermine Financial Stability, Says New Levy Institute Study

by Mark Primoff

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Press Release, June 25, 2018(12.33 KB)

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One-Pager No. 56 June 19, 2018
An Alternative to Sovereign Bond-Backed Securities for the Euro Area
Mario Tonveronachi
Abstract

The European Commission's proposal for the regulation of sovereign bond-backed securities (SBBSs) follows the release of a high-level taskforce report, sponsored by the European Systemic Risk Board, on the feasibility of an SBBS framework. The proposal and the SBBS scheme, Mario Tonveronachi argues, would fail to yield the intended results while undermining financial stability. Tonveronachi articulates […]
Download One-Pager No. 56 PDF (107.37 KB)