The European Central Bank wants more details on asset-backed securities, including information on the loans that back the securities, disclosed to credit rating agencies. The central bank is advocating the increased disclosure as part of an effort to revive the ABS market. "It is hoped by improving transparency in the surveillance process, market participants can regain confidence in the work performed by ratings agencies in the securitisation markets, thereby allowing their reactivation," the ECB said in a bulletin.

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