Bank of England and ECB in joint call to put ABS back in play
ECB may need new asset-backed securities rules before it can start QE
The Basel Committee's proposed revisions to the securitisations framework would still impose excessively high capital charges on asset-backed securites (ABS), according to both the European Central Bank (ECB) and the Bank of England (BoE), as the two institutions today called for action to revitalise the ABS market in Europe.
Revisions to regulations governing securitisation markets planned by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions
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