ECON issues draft report on proposal for a directive on covered bonds The Committee on Economic and Monetary Affairs (ECON) has issued a draft report on the European Commission's proposal for a directive on the issue of covered bonds and covered bond public supervision and amending the UCITS Directive and the Bank Recovery and Resolution Directive. ECON, 17 August 2018

ISDA publishes FAQs in relation to benchmark fallbacks consultation The International Swaps and Derivatives Association (ISDA) has published a set of FAQscovering questions that market participants have raised since ISDA launched a market-wide consultation on technical issues related to new benchmark fallbacks for derivatives contracts that reference certain interbank offered rates. ISDA, 20 August 2018