Questionnaire as part of the Call for Advice on the review of the EU covered bond framework

The CSSF would like to bring the following information to the attention of the public.

Article 31 of the Directive (EU) 2019/2162 of the European Parliament and of the Council of 27 November 2019 on the issue of covered bonds and covered bond public supervision and amending Directives 2009/65/EC and 2014/59/EU requires Member States to transmit information to the European Commission to allow them, in close cooperation with the EBA, to submit a report to the European Parliament and to the Council on the implementation of the Directive with regard to the level of investor protection and on the developments regarding the issue of covered bonds in the European Union.

In this context the European Commission has published its Call for advice to the European Banking Authority on the performance and review of the EU covered bond framework and the EBA has held a targeted industry roundtable in Paris on 11-12 April 2024.

As part of the Call for Advice and as a follow up to the targeted industry roundtable, the EBA prepared a questionnaire addressed to gather opinions from participants in the industry. The EBA deemed appropriate to design the survey in the form of open questions.

The participation in the survey is entirely voluntary, but the CSSF would like to invite you – should you decide to participate – to answer to all questions. The questions are designed to different categories of participants in the covered bond market. You can select the category that meets your role among investor, issuing institution, market analyst, or rating agency.

You can find the questionnaire in EU Survey format at the following link: https://ec.europa.eu/eusurvey/runner/CFA_EUCBF_Q_IND.

You can send your answers until 19/08/2024 (COB).