Invitation to European Commission

Dr. Sergio Nasarre Aznar, Professor of Civil Law and Director of the Housing Chair URV has been invited by the European Commission (The Directorate-General for Financial Stability, Financial Services and Capital Markets) to participate as speaker at the International Conference on covered bonds held on February 1st in order to inform on the harmonization of mortgage bonds in Europe because, which despite being a very robust financial product, it has some shortcomings, such as the negative impact of the crisis that some national covered bonds have suffered.

It is a very important decision to achieve a real common European mortgage market because mortgages represent more than 50% of European GDP and is an area not yet harmonized. The harmonization of covered bonds may mitigate the negative consequences of a new mortgage crisis.