ECB buying helps biggest banks to delever
The resumption of European Central Bank purchases in the ABS market has helped some of the largest banks in Europe to issue dual purpose securitizations, locking in cheap funding from the senior tranche and selling down the structure to achieve risk transfer. ABS buying is now forming a greater part of the central bank’s asset purchases than during previous easing rounds.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: