ESBies - now SBBS (Sovereign Bond Backed Securities)

May 30, 2017

can still be pronounced "eSBBieS"

New Paper with Details: "ESBies: Safety in the Tranches" works out the details for a European safe asset
Slides at European Commission

EU Commission Reflection paper (See page 21 on SBBS)
- for complementary regulatory changes see paper above.

Original Euro-nomics Group Proposal (2011): VoxEU  (see

Recent Media Mentions: 
English: FTFT alphaville, Bloomberg, Reuters
Italian: Il FoglioCorriere Della Sera, L'EpressoIl Sole 24Ore
Spanish: Expansion,
Greek: Capital
German: PR-Online, FAZit, SZ

05a_esbies_ec_markus.pdf1.15 MB
See also: ESBies, Euro-nomics