FSA has launched a Guidance consultation in response to requests for clarification on the role of the asset pool monitor (APM) introduced in the Regulated Covered Bond Regulations. FSA sets a list of tests the APM needs to carry out as part of its inspection of the accuracy of the bonds issuer’s records. FSA is also consulting on the asset quality report the APM needs to file with FSA annually. (Source: Guidance Consultation on the Role of the Asset Pool Monitor)