April 9, 2018 / 4:22 PM / 6 months ago

BRIEF-Fitch Says Transposition Of EU Bank Recovery & Resolution Directive Into Norwegian Law Increases Protection Of Covered Bondholders Against Potential Default

April 9 (Reuters) - FITCH :

* FITCH SAYS TRANSPOSITION OF EU BANK RECOVERY & RESOLUTION DIRECTIVE INTO NORWEGIAN LAW INCREASES PROTECTION OF COVERED BONDHOLDERS AGAINST POTENTIAL DEFAULT

* FITCH SAYS BELIEVES NORWEGIAN BANK RESOLUTION IS UNLIKELY TO RESULT IN DIRECT ENFORCEMENT OF RECOURSE AGAINST THE COVER POOL

* FITCH SAYS CONSIDERS RISK OF UNDERCOLLATERALISATION AT POINT OF RESOLUTION IS LOW IN NORWAY GIVEN THERE ARE STRICT REGULATORY REQUIREMENTS Source text for Eikon:

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