The EMF-ECBC was established in 1967 as the European Mortgage Federation (EMF) to represent mortgage credit and the interests of mortgage lenders and covered bond stakeholders at the European level. Today, it is recognised as the voice of the mortgage credit and covered bond industries at the European level and beyond. Through its work the EMF-ECBC has become the key-talking partner of the European Commission, the European Parliament, the European Central Bank, the European System of Financial Supervisors and the Basel Committee on all questions relating to the European mortgage credit and covered bond industries. In 2004, the Federation established the European Covered Bond Council (ECBC), which represents stakeholders in the Covered Bond industry at the international level. At the end of 2018 the European mortgage credit market was worth over 7.25 trillion EUR, with the covered bond industry being worth over €2.57 trillion. The EMF currently has 16 full members from 13 Member States of the European Union. The EMF also has a number of observer members across Europe. The ECBC currently has 122 members from over 30 jurisdictions globally representing covered bond issuers, analysts, investment bankers and rating agencies. To find out more about our activities, follow us on Twitter @EMF_ECBC or visit our website at www.hypo.org
