Yves Mersch urges ABS regulation rethink
Yves Mersch today called for a new securitisation framework that removes the "stigma" attached to asset-backed-securities (ABS) in the European Union – and hinted that the European Central Bank (ECB) and Bank of England will release a joint statement on the matter at the International Monetary Fund's spring meeting later this week.
Mersch, an ECB executive board member, delivered a detailed speech at a Clearstream conference in London this morning, calling for an end to the "inappropriate"
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