Mortgages Covered - the EMF-ECBC's New Podcast Series

Green and social bond markets have evolved significantly in recent years, driven by new regulatory frameworks, growing investor expectations, and an increased focus on transparency. Daniela Antonini of Banco BPM joins this episode of Mortgages Covered to explore the key trends and challenges shaping today's ESG and sustainable finance landscape.This Episode of Mortgages Covered explores:Banco BPM's Green Social Sustainability Bond Framework to ensure taxonomy alignment of its assets. The issuance of covered bonds under the EU Green Bond Standard.The transition towards more evidence-based issuance.The differing market experiences and developments related to EU green and social bonds.The key priorities and strategic objectives of the ECBC ESG Bond Task Force.

As Europe faces growing competition from other global economies, questions around productivity, growth and financial regulation are becoming increasingly important. In this episode of Mortgages Covered, Jonas Bjarke Jensen of Copenhagen Economics shares his views on how regulation can support — or hinder — competitiveness, investment and long-term economic growth. This Episode of Mortgages Covered explores:The factors driving the transition to a new global economic and financial environment and the resulting policy implications.Europe's widening productivity gap relative to other major economies and its implications for financial regulation.The impact of existing EU regulation on competitiveness and market efficiency.Market distortions, including the effects of the Basel output floor on bank's lending rates.The short-term and long-term solutions 

In this episode of Mortgages Covered, the conversation turns to the rapidly evolving world of digital assets and tokenisation. Ayda Chamcham of Aareal Bank shares insights on how digital money, tokenised assets, and new financial infrastructures are reshaping the future of banking and capital markets.This Episode of Mortgages Covered explores:The categorisation of digital assets, including native cryptocurrencies, tokenised real-world assets, and digital money.The rapid growth of tokenised money market funds and digital asset adoption with the banking sector.Digital asset initiatives and tokenisation platforms launched by major financial institutions, including JP Morgan Chase and Golman Sachs.The worldwide momentum of digital assets, currencies and instant cross border payments.The regulations, risks, and governance challenges associated with digital assets.

In this episode of Mortgages Covered, Richard Kemmish, EMF-ECBC & ISMMA Consultant, brings together Anders Lund Francke of Eiendomsverdi AS to explore the use of Artificial Intelligence in property valuation.This episode of Mortgages Covered explores: The growing interest in and use of automated valuation systems (AVMs) and advances in statistical modelling for residential property valuation.The core principles underpinning robust valuation models, including transparency, explainability, and confidence management. The management of valuation uncertainty and its role in risk management and bank competitiveness.The complementary roles of AVMs and physical valuers.The emergence of “nowcasting” techniques to increase accuracy and market responsiveness.

In this episode of Mortgages Covered, the conversation turns to Moldova's economic and financial transformation, as Anca Dragu, Governor of the National Bank of Moldova, shares insights on Moldova’s economic and financial transformation, with a focus on housing finance, capital market development, and the country’s journey towards membership of the EU. This Episode of Mortgages Covered explores:Moldova’s evolving economic landscape, including mortgage market development, transition away from dependence on Russian resources, and resilience in the face of inflationary shocks. The strengthening of the financial sector through growing capital markets, ample banking liquidity, and strong bank capitalisation.The rapid expansion of housing finance.Recent capital market developments and key infrastructure reforms for deeper integration with European financial markets.A four-step approach for strengthening long-term mortgage growth.  

Following the successful 38th ECBC Plenary Meeting held in Stavanger last month, this episode takes a closer look at some of the key discussions, insights, and market developments that emerged from the event.In this first episode “Mortgages Covered”, the EMF-ECBC’s new podcast series, Richard Kemmish, EMF-ECBC & ISMMA Consultant, is joined by Luca Bertalot, EMF-ECBC Secretary General, to reflect on the main takeaways from the 38th ECBC Plenary Meeting, including the focus on mortgage markets and the evolving landscape of covered bonds.This episode of Mortgages Covered covers:The concept of a voluntary 28th Regime European mortgage guarantee scheme to improve housing affordability and access to home ownership.  The need for coordinated public and private sector action to address housing affordability challenges.  EMF-ECBC’s work supporting mortgage and capital market development in EU candidate countries and beyond.  The role of the Energy Efficient Mortgage Label in promoting transparency, standardisation and capital market access.  EMF-ECBC’s support for Ukraine through technical expertise, market intelligence, and regulatory guidance.