ECB boosts transparency with new rules on ABS data
The European Central Bank (ECB) on Friday launched a process that will enhance the transparency of asset-backed securities.
The move will see the use of loan-level data on asset-backed securities (ABS), rather than aggregate data, which is used at present. Loan-level data will encompass information about the assets underlying securitisations.
The opacity of some asset-backed securities, particularly those backed by mortgages originating in the United States, helped spark the global financial
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