ECB launches consultation process on ABS reporting

12/21/2009 | Reuters

The European Central Bank's Governing Council launched a consultation process regarding reporting of asset-backed securities, which banks swap for liquidity from the ECB. "The Governing Council, having assessed the need for surveillance of loan-level data, decided to launch a public consultation on the reporting of loan-level information for asset-backed securities ... in the context of the Eurosystem collateral framework," the ECB said.

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