Barclays blames ECB for buyers deserting ABS

Draghi sad face
By Tom Porter
10 Mar 2015

Barclays has calculated the European Central Bank’s intervention will shrink the investor-placed Eurozone ABS market by some €35bn this year alone, forcing buyers to look elsewhere.

The European Central Bank has only picked up €3.6bn of ABS since it launched its much debated private sector asset purchase programme (ABSPP) in November. But the slow pace of buying has done little to ease the concerns of many market participants that its presence will see private ...

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