ABS innovations aim to clear credit rating log-jam


The Basel Committee on Banking Supervision (BCBS) consultation on revisions to the securitisation framework closes today, with much riding on whether or not a solution can be found to revive Europe's moribund asset-backed securities (ABS) market.

At the press conference following this month's meeting of the governing council, European Central Bank (ECB) president Mario Draghi again pointed to the ABS market as a potential route to general economic recovery in the eurozone, if it can be "revitali

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