‘All pieces are in place' for co-ordinated regulation of European ABS, says Mersch
Continued un-coordinated regulation of the ABS market is unnecessary says ECB board member
The various agencies in charge of regulating asset-backed securities (ABS) in the European Union (EU) are in a good position to co-ordinate their regulation of the asset class – in contrast to what is happening now, according to Yves Mersch, executive board member of the European Central Bank (ECB).
Speaking at the IMN Global ABS Conference in Barcelona today, Mersch said there is "still a sense that the regulatory agenda is proceeding in an uncoordinated manner", but that "all of the actors are
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