Frank Jackman, a covered bond editor at Global Capital, joins to discuss Paragon Bank's innovative buy-to-let covered bond. He sheds light on the shift from traditional RMBS to covered bonds, emphasizing the pricing dynamics and security benefits. The conversation also dives into the evolving Italian collateral market, highlighting investor interest and bridging loan popularity. Additionally, they explore contrasting loan structures between the US and UK, and the complexities of capital management in finance, revealing fascinating insights into market trends.