Mersch? Meh! ABS revival is on, say market participants
Bankers and investors think the European Central Bank has doled out a de facto endorsement for a securitization revival in Europe, even if that is exactly the belief that ECB board member, Yves Mersch set out to dispel on Wednesday.
The ECB is not setting out to promote any asset class, according to Mersch, who stressed to several hundred bank and investor executives gathered in Barcelona for the Global ABS conference that the central bank’s chief priorities are price stability, financial stability and protection of its balance sheet.