ECB questions self-originated MBS in cover pools

August 11, 2010 12:00 am

The European Central Bank has criticised the conditions of a proposed waiver in CRD III allowing the senior tranches of self-originated mortgage-backed securities to be used as collateral for covered bonds, and suggested that any waiver not be extended beyond 2013. Read EuroWeek on Friday for more on the ECB’s opinion.

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