Central Banking

ECB enlists asset managers to carry out ABS programme

European Central Bank at night

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 pr

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