14 May EU Commission plans preferential treatment for new bond-backed securities
BRUSSELS, May 15 (Reuters) – The European Commission plans
to give preferential treatment to a new class of state
bond-backed securities to encourage use of the instrument, which
is aimed at diversifying banks’ holdings of euro zone bonds, a
draft plan showed.
The plan, expected to be announced next week, is meant to
address a weakness in the currency bloc that came to light in
the 2010-2012 euro zone debt crisis, when banks’ high exposure
to their sovereigns’ own debt exacerbated the problems f
to give preferential treatment to a new class of state
bond-backed securities to encourage use of the instrument, which
is aimed at diversifying banks’ holdings of euro zone bonds, a
draft plan showed.
The plan, expected to be announced next week, is meant to
address a weakness in the currency bloc that came to light in
the 2010-2012 euro zone debt crisis, when banks’ high exposure
to their sovereigns’ own debt exacerbated the problems f
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