Hot air fear intensifies as ECB seeks ABS consultant

draghi cover
By Tom Porter
07 Aug 2014

More market participants are starting to question the European Central Bank’s ability to successfully revive the European asset-backed securities market after another Mario Draghi press conference went by without further detail on Thursday, except for the president saying a consultant would be hired to advise on its promised ABS purchase programme.

Draghi was on tight-lipped form on Thursday, saying again that the ECB had intensified work on the ABS purchase programme and that it was in the process of hiring a consultant to help with it. He said he expected the programme to materialise but that no final decision ...

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