Clifford Chance
Covered Bonds Law
12 December 2016
The Romanian law on covered bonds (the "Covered Bonds Law") was published in the Official Gazette on 4th of December 2015. The principal objective of the newly adopted law is to align the current Romanian legislation in this field to the European standards and practices in order to allow the development of a local covered bonds market.
The Covered Bonds Law is meant to ensure a legislative framework capable to provide increased protection to investors and, at the same time, to represent the basis for obtaining alternative accessible refinancing sources for Romanian credit institutions.
