LCR implementation delay may help ABS
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Covered Bonds

LCR implementation delay may help ABS

Implementation of the liquidity coverage ratio (LCR) is set to be delayed by 10 months according to a draft document from European Commission (EC) leaked last week. The leaked draft contained good news for covered bonds, but did not improve the position of ABS, which the European Central Bank and Bank of England will want to see changed, said bankers on Monday.

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