Canadian Mortgage-Backed Bonds Get U.S. Disclosure Exemption As Regulators Warn
Huzzah! Canada’s banks can tap American investors for mortgage funding again. Earlier this year, the U.S. SEC quietly granted a no-action exemption for covered bonds, allowing Canadian lenders to market them to American investors without the loan-level disclosure required for comparable U.S. products. The exemption arrived just months after Canada’s bank regulator clashed with lenders […]
The post Canadian Mortgage-Backed Bonds Get U.S. Disclosure Exemption As Regulators Warn appeared first on Better Dwelling.
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