ESMA should also take into account the fact that preferential claims given to covered bond issuers counterparties on the covered bond issuer’s assets provides equivalent protection against counterparty credit risk.
ESMA bi moral upoštevati tudi dejstvo, da zagotavljajo prednostni zahtevki, ki se dajejo nasprotnim strankam izdajateljev kritih obveznic za sredstva izdajatelja kritih obveznosti, ustrezno varstvo pred kreditnim tveganjem nasprotne stranke.