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EU Commission proposal on Covered Bonds

CLOSED CONSULTATION - CONSULTATION CONCLUDED

  
 
From: Ministry for Finance

(Policy Development and Programme Implementation Directorate)
​Published on: ​11 June 2018
Running till: ​25 June 2018
​Last Updated: ​1 August 2018
Consultation Outcome: Final Report



Original Consultation

1.        Background
 
In March 2018, the Commission proposed a dedicated EU framework for covered bonds, consisting of a directive and a regulation. The proposals form part of the Capital Markets Union Action Plan and are aimed at improving the long-term finance for many EU Member States.  Covered bonds are debt obligations issued by credit institutions which offer a so-called double-recourse protection to bondholders: if the issuer fails, the bondholder has a direct and preferential claim against certain earmarked assets and an ordinary claim against the issuer's remaining assets. 
 
2.        Documents

 
Please be informed that submissions will be published on the webpage of this consultation at the end of the scoping phase. The lead Ministry has sole discretion upon the publication of comments.
Received contributions, together with the identity of the contributor, will be published on the Internet, unless the contributor objects to the publication of his/her personal data on the grounds that such publication would harm his/her legitimate interests. In this case the contribution may be published in anonymous form. Otherwise the contribution will not be published nor will, in principle, its content be taken into account.  Any objections concerning the publication of personal data should be sent to the service responsible for the consultation on the following email address: onlineconsultations@gov.mt.
 

Data Protection Statement the General Data Protection Regulation and the Data Protection Act (Chapter 586)

 

The General Data Protection Regulation and the Data Protection Act Chapter 586 regulate the processing of personal data whether held electronically or in manual form. The Ministry for European Affairs and Equality collects only information which is necessary for it to perform its intended functions and is set to fully comply with the Data Protection Principles as set out in the Data Protection Legislation.  Verification of the ID number provided will take place as deemed necessary. All personal data provided will be processed according to the General Data Protection Regulation and the Data Protection Act (Cap 586).​
 
 
In addition, please be aware of:
 
·         Disclosure under the Freedom of Information Act (Chapter 496)
As we are a public authority all documents we hold, including documents related to this public consultation process, may be released following a request to us under the Freedom of Information Act (Chap. 496), unless such request may be subject of an exemption arising from the same Act.

​​www.konsultazzjoni.gov.mt

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