ECB purchases may help draw ABS regulation

By Tom Porter
18 Sep 2014

ECB executive board member Yves Mersch has said 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.

In a speech at an event in Hamburg on Wednesday, Mersch said Eurosystem criteria often shape national and European rules.

“In the discussion on high-quality securitization,” he said, “the eligibility criteria of the Eurosystem could be a good starting point for future regulation.

“I would also highlight that ...

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