The Covered Bond Congress 2024

Mayer Brown is pleased to sponsor the 2024 Covered Bonds Congress, hosted by Invisso and the European Covered Bond Council (ECBC), in Porto. The congress will bring together the international covered bond market, gathering over 1,100 issuers, investors, intermediaries, and policymakers, from more than 45 jurisdictions globally.

For more information, visit the event webpage.

The Cover(ed) Story

Mayer Brown lawyers have played a leading role in the development of the covered bond market. From advising clients on the first covered bonds undertaken by a US depository institution, to advising Canadian and other non-US banks on their covered bond issuances, to undertaking the first US public offering of covered bonds in the United States, Mayer Brown lawyers have been front and center. Our long experience with covered bonds and our knowledge of bank regulatory issues, the mortgage markets, financial institutions and financing techniques makes us a worthy partner to our issuer, dealer, initial purchaser, and underwriter clients.

Financial Services

At Mayer Brown, we know financial services—we achieve, innovate, and move beyond conventional approaches.

Commercial Paper and Asset-Backed Commercial Paper at a glance

Commercial paper is a form of short-term, unsecured debt, usually issued by corporates and financial institutions. Asset-backed commercial paper (ABCP) is a type of commercial paper collateralized by financial assets and usually issued by a conduit or special funding vehicle established by a financial institution to own the collateral assets from asset sellers.

Covered Bonds at a Glance

Covered bonds are senior, secured debt securities of a regulated financial institution. If the issuing bank defaults, the collateral, referred to as the cover pool, is used to make up any payment shortfall due on the covered bonds. So long as there is sufficient collateral, covered bonds are not accelerated, but rather paid on their scheduled payment dates. If the cover pool at any time is inadequate to make all scheduled payments, all outstanding covered bonds are accelerated and paid pro rata from the proceeds of the cover pool.

Sharing our Knowledge

We share our insights and analysis of legal and regulatory developments, and our views on a variety of issues through timely alerts, articles, newsletters, webcasts, client sessions and blogs.

Overhaul of Regulatory Capital Requirements Proposed by US Banking Regulators

On July 27, 2023, US federal banking regulators issued proposals to (i) significantly revise the risk-based regulatory capital requirements for certain midsize and larger US banking organizations (the “Capital Proposal”) and (ii) change the method for calculating the capital surcharge for globally systemically important banking organizations (“G-SIBs”) (the “G-SIB Surcharge Proposal”).

What's the Deal?

We are one of the leading securities and capital markets law firms in the world, advising issuers, underwriters and agents in domestic and international private and public financings.

IFLR | Structuring Liability Management Transactions

Mayer Brown lawyers regularly represent issuers, as well as dealer-managers, solicitation agents, information agents and other parties in connection with liability management transactions, including repurchases, exchange offers, tender offers, issuer self-tenders and consent solicitations.

Debt Capital Markets

Our debt capital markets team in Europe has extensive experience advising both issuers and underwriters on all forms of debt capital markets products.