Data warehouse deal fans frustration with ECB
Despite its potential to improve liquidity and investor interest in the asset class, structured finance players are complaining that key questions over the ECB’s demand for loan level data on ABS remain unresolved and opaque. Most pressing, in the light of an appointment this week to build a data warehouse, is the issue of who will pay for the initiative.
"The process has not been clear or transparent. It has all been done with closed shop meetings in foreign countries," one London-based ABS market participant said.
The central bank announced last December that it would require loan level data on all ABS presented for repo once all the
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.