Mersch wants more holistic effort on ABS revival

By Tom Porter
12 Jun 2014

European Central Bank executive board member Yves Mersch has called for a “more holistic and co-ordinated” approach to the regulatory treatment of asset backed securities, but stressed that his institution’s support of the asset class was purely in pursuit of its goal of price stability.

In a keynote speech to the Global ABS conference in Barcelona on Wednesday, Mersch called for greater cooperation between Europe’s top rulemakers, rather than a focus on single issues like “excessive” securitization capital charges and “overly constraining” liquidity rule proposals.

“There is still a sense that the regulatory ...

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