ECB enlists asset managers to carry out ABS programme
Deutsche Bank, State Street and others to help spur credit creation in eurozone
The European Central Bank (ECB) today announced the appointment of four private sector asset managers that will carry out its purchases of asset-backed securities (ABS) – part of the institution's effort to increase lending and stave off deflation in the eurozone.
Amundi and Amundi Intermédiation, Deutsche Asset & Wealth Management International, ING Investment Management and State Street Global Advisors were enlisted following what an ECB spokesperson described as a "very competitive" tender
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