Skip to main content

Header menu wop

News
Blog
ESM Briefs
Publications
Events
Careers
Procurement
Explainers
Contact

Main menu navigation wop

About us
- Back to main menu
  About us
- Who We Are
- Governance
  - About us
    Governance
  - Governance ESM
  - Governance EFSF
- Managing Director
- Organisation
- Transparency
  - About us
    Transparency
  - Overview
  - Legal documents and policies
  - Board meeting document library
  - ESM Treaty
- History
  - About us
    History
  - Overview
  - ESM marks 10th anniversary
- ESM reform
  - About us
    ESM reform
  - Overview
  - Explainer on Treaty reform
- Glossary
Our work
- Back to main menu
  Our work
- What we do
- How we work
- Risk management
- Ethical standards
  - Our work
    Ethical standards
  - Internal control framework
  - Internal Audit
  - Code of Conduct
  - Compliance and ethics
  - Reporting of misconduct
- Research and analysis
- ESG. Environmental, Social and Corporate Governance
- ESMAT. Administrative tribunal
- Inter-institutional cooperation
Financial assistance
- Back to main menu
  Financial assistance
- Financial assistance instruments
- Assisted countries
- Evaluation of ESM/EFSF Programmes
- Programme database
- Lending rates
- Pandemic Crisis Support
Investor relations
- Back to main menu
  Investor relations
- ESM and EFSF
  - Investor relations
    ESM and EFSF
  - Overview
  - Investor presentation
  - Market group
  - Transactions
  - Rating and eligibility
  - Legal documents
  - ESG
  - Investor newsletter
- US investors
  - Investor relations
    US investors
  - Overview
  - Investor presentation
  - Market group
  - Transactions
  - Rating and eligibility
  - Legal documents
- Contact the IR team

Breadcrumb

Home
Blog entries

Safety measures concerning the Coronavirus COVID-19. Read more about the measures.

x

print

Subscribe to stay up to date with the latest news

My Blog

The Hidden Web-Image 1540 x 1027

Ashley Andrews Thiago Fauvrelle Giulia Fusi

The hidden web: How loss-absorbing bonds connect banks and investment funds

Financial Sector and Market Analysis

Financial markets

Footer top navigation wop

Contact
- info@esm.europa.eu
- 6a Circuit de la Foire Internationale
- L-1347 Luxembourg
- Tel: (+352) 260 962 0
Press
Investors
- investor.relations@esm.europa.eu
- IR newsletter subscription
Careers
- recruitment@esm.europa.eu
- Featured jobs
Procurement

Footer navigation wop

About
History
- ESM marks 10th anniversary
- The history book
EFSF
Research and analysis
Transparency
Explainers
- ESM reform
- Greece

Social links

Twitter
Youtube
Linkedin
Spotify

© 2026 European Stability Mechanism

Copyright footer wop

Site map
Useful links
Terms and Conditions and Privacy Statements