DBRS’s Assessment of Jurisdictions for which Covered Bonds are Systemically Important

DBRS reviewed its assessment of the jurisdictions for which covered bonds (CBs) are a systemically important financing instrument, considering the level of outstanding CBs, issuance levels and the established legal frameworks in each country. In particular, DBRS believes that Canada is currently one such jurisdiction, and has added it to the list of countries including Denmark, Germany, Ireland, Italy, France, Spain and Sweden.