Quant factors, discretionary analysis and carbon measurement for danish mortgages”Jyske Bank’s independent asset manager, Jyske Capital, is the first manager we have seen applying quantitative style factors as part of its process for selecting Danish mortgage bonds. It is also unleveraged. NordicInvestor interviewed Head of Mortgage Bonds, Allan Willy Larsen (pictured above), who leads a team of four other senior … Read More

Pure Play Bank Risk Sharing and Regulatory Capital”Whitecroft argue that bank risk sharing (also known as SRT) could deliver returns as good or even better than high yield or leveraged loans, but with a portfolio of mainly investment grade assets. This is largely due to the capital premium banks are willing to pay in exchange for regulatory capital relief. As … Read More

The Danish Mortgage Bonds Market: Surviving and thriving through multiple crises”Danish mortgages literally had a baptism of fire, as the market was conceived after Copenhagen’s Great Fire of 1795, but it has seen no defaults on covered bonds since then. Finans Danmark argues that the Danish Mortgage Model is “probably the best in the world”, borrowing the slogan from Danish … Read More