ECB sets out stall on loan level reporting

08 Jan 2010

The European Central Bank launched a consultation on mandatory loan level data reporting for ABS collateral in the Eurosystem just before the holiday period.

"It’s a key piece of legislation to kickstart the market," said one investor. "It will be massively well received by the investor base."

The launch of the consultation came after a year of hints and warnings from officials and is likely to prove controversial among issuers, most of which ...

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