Presentations

The 35 members of the Association of German Pfandbrief Banks (vdp) account for nearly 100% of new issuance volume in covered bonds that are governed by specific German legislation (in the plural, Pfandbriefe).  The vdp functions as both a think tank and lobbying body on Pfandbrief topics.

This one-page “case study” from Canadian Imperial Bank of Commerce (CIBC) on CIBC’S landmark $2 billion U.S. dollar-denominated covered bond issue (Jan. 27) was released earlier this month to Covered Bond Investor.™  (click chart to enlarge)It includes a “summary of terms,” bullet points on “Deal Highlights” and two pie charts — one breaking down bond sales by country or region, the other by “investor type.”

Anthony SandersAnthony Sanders is Distinguished Professor of Real Estate Finance, School of Management, George Mason University.  This eleven-page document contains his prepared written testimony for a hearing of the U.S.

Vince MaltaVince Malta is Vice President and Liaison to Government Affairs at the National Association of Realtors® (NAR).  This sixteen-page document contains his prepared written testimony for a hearing of the U.S. House Committee on Financial Services Committee on March 23, 2010.  The topic of the hearing was "Housing Finance - What Should the New System Be Able to Do?"

These six slides were prepared for a presentation by Jens Tolckmitt, Executive Director of the Association of German Pfandbrief Banks (vdp), at the Covered Bond Roundtable (Jan. 29, 2010) in Washington, D.C., titled "Why the U.S. Needs Covered Bonds."  The slides depict:

Panel Discussion

"Why the U.S. Needs Covered Bonds"

Jan. 29, 2010 -- Washington, D.C.

To register for a complementary webcast of the event, click here.

CONTENTS OF THIS PAGE

This graphic, prepared by Covered Bond Investor™ cofounder Mercy Jiménez, is a timeline showing key events in the (short) history of covered bonds in the U.S.  It includes early issuance by Washington Mutual and Bank of America, which halted as the global economic crisis began to mount.

To download a PDF, click on "Key Events Graphic" under "Attachment," below.

On the day before last month's landmark hearing on covered bonds by the U.S. House of Representatives' Committee on Financial Services, Congressman Scott Garrett (R-NJ) held a telephone press conference.  Accompanying him were Tim Skeet, head of covered bonds at Bank of America Merrill Lynch, and banking expert Bert Ely of the Ely & Company consulting firm.  Each of the three offered some initial remarks on covered bonds for the U.S. before answering questions from the news media.

This twelve-page document is the written testimony prepared by J. Christopher Hoeffel for a hearing on covered bonds scheduled for December 15 by the House Committee on Financial Services.  The title of the hearing was "Covered Bonds: Prospects for a U.S. Market Going Forward."

This eleven-page document is the written testimony prepared by Alan Boyce for a hearing on covered bonds scheduled for December 15 by the House Committee on Financial Services (HCFS).  The title of the hearing was "Covered Bonds: Prospects for a U.S. Market Going Forward."

Boyce is CEO of Absalon, which he describes as "a joint venture between [financier] George Soros and the Danish financial system that is assisting in the organization of a standardized mortgage‐backed securities market in Mexico and elsewhere."

Topics in his prepared testimony include: