ABS purchases could shape future regulation, says ECB’s Mersch

Tom Porter

September 17, 2014 11:00 AM

yves mersch — Yves Mersch, member of the Executive Board of the European Central Bank (ECB) speaks to journalists and guests during the presentation of the new ten euro banknote in the ECB headquarters in Frankfurt Main, Germany, 13 January 2014. Photo: Arne Dedert/dpa | Arne Dedert/DPA/Press Association Images

ECB executive board member Yves Mersch has said that the ECB’s chosen eligibility criteria for its upcoming ABS purchase programme could be a “good starting point” for future regulation of the sector, as the central bank’s top brass keep up pressure on regulators to help them revive securitization in Europe.

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Tom Porter