Update on the FSA's Approach to Covered Bond Issuance and Asset Encumbrance

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On 23 October 2008, the Financial Services Authority (the “FSA”) published a letter written to the British Bankers’ Association (the “BBA”), setting out a change of approach with respect to the FSA’s monitoring of covered bond issuance and asset encumbrance (the “2008 Letter”).

Please see full update for more information.

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Morrison & Foerster LLP on:

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