Issuers of covered bonds could be constrained from placing deposits, eligible to qualify as substitution assets in given asset pools, within the group structure (e.g. with the parent bank), which would adversely impact on liquidity and could restrict bond issuance in the Union.
Issuers of covered bonds could be constrained from placing deposits, eligible to qualify as substitution assets in given asset pools, within the group structure (e.g. with the parent bank), which would adversely impact on liquidity and could restrict bond issuance in the Union.