Podcast Location:
Download it here [file size: 27.1 MB]
Banking and Financial Services
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

This podcast aims to give a comprehensive guide to covered bonds, including legislation and investment. It discusses the differences between covered bonds, unsecured bonds and asset-backed securities and looks at the benefits to investors and issuers of covered bonds. It then examines the jurisdictions that have legislation and compares this to jurisdictions without legislation before exploring the legislative proposals in the US. Finally, the podcast discusses foreign investment in the US market.

After completing the course you will:
  • Know what covered bonds are;
  • Know what asset class covered bonds fall into;
  • Understand the differences between covered bonds and other types of investment;
  • Be aware of the benefits to issuers and investors of covered bonds;
  • Appreciate the differing approaches of countries with and without legislation;
  • Be aware of the current legislative proposals being put forward in the US and how this affects foreign markets;
  • Understand the nature of the US covered bond market;
  • Be aware of the alternatives for foreign issuers;
  • Understand Rule 144A and Section 3(a)(2);
  • Know the threshold for a Qualified Institutional Buyer.
Specialist Difficulty: 5 of 5
Market Update / Hot Topic
Sources and References:
  • Dodd–Frank Wall Street Reform and Consumer Protection Act.

In this podcast, Anna Pinedo, a partner in the New York office of law firm Morrison & Forester, gives an overview of covered bonds and relevant legislation before giving practitioners advice on how foreign firms can access the lucrative US market.

Podcast last reviewed: 2011-09-26

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