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FIGCovered Bonds

French ESNI a close cousin of CBs and likely QE fodder, says BBVA

The new Banque de France SME funding vehicle could be used for ECB quantitative easing, says BBVA. The Spanish bank’s research team say that, given the ECB’s new readiness to fund SME assets through QE, the Banque de France programme could be the ideal vehicle to channel these funds.

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