Goal Is Efficient Credit Delivery, Not Just Profit

• Author: Robert Kent
• Position: SF Solutions, LLC New York City, United States

I like covered bonds, and always have, but U.S. firms that benefit most from the complexity of thousands of deals and tens of thousands of tranches seem to forget that the purpose of the exercise is to deliver credit and credit investment efficiently, not just to make profit for intermediaries.

In fact, there are so many good ideas in this...