Covered bond dealers covered

The Securities Industry and Financial Markets Association (SIFMA) has expanded coverage of the fixed income markets by launching the SIFMA European Covered Bond Dealers Association (ECBDA).

“The formation of a covered bond dealers’ association furthers our objective of being a full service, pan-European trade association,” said Karsten Moller, executive vice-president and head of SIFMA Europe and Asia.

The ECBDA will represent dealers in the European covered bond markets.

Mark Austen, managing director of both ECBDA and EPDA, said: “We wish to complement the work of existing covered bonds bodies, notably the VDP and the European Covered Bonds Council.”