Strong covered bonds market can strengthen stability of the Polish banking system
19:41
In Poland, unlike other Western European countries, covered bonds, which are long-term debt securities issued by mortgage banks, do not have a significant presence in the financial market. During the panel discussion "Revitalizing the Covered Bonds Market in Poland," experts discussed how to change this.
"I am a big fan of covered bonds, which in the future can become a precious part of the market. Abroad, covered bonds play an important role in financing and market dynamics. Moreover, they are very well-secured instruments," Aleksandra Bluj, Vice President of GPW Benchmark, argued.
Leszek Pawłowicz, Coordinator of the European Financial Congress and retired professor at Gdańsk University, also expressed a positive opinion about covered bonds.
"The fact that Poland lacks a covered bonds market is the biggest economic neglect in the Polish banking system. This financial instrument is the safest. As a tool for increasing stability, there is nothing better," the expert assessed.
