2 comments Research: BAs or BDNs

[…] hiring many experienced compliance personnel at fat salaries. The whole thing is laughable: it is impossible to determine whether domestic banks’ BAs are junior, senior or pari passu with BDNs, but this lack of […]

[…] Covered Bonds were last discussed in the post US Covered Bond Legislation Moving Forward. A previous article discussed the question of BAs or BDNs: What’s the Difference?. […]

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