ECB considers mandating loan-by-loan disclosure for ABS

06/3/2009 | EuroWeek

The European Central Bank is looking into requiring loan-by-loan disclosure on asset-backed securities for them to be eligible in the Eurosystem collateral system. "There is a lot to be said for loan-by-loan level information," Francesco Papadia, the ECB's director general of market operations, told delegates at the Global ABS conference, which was organised by SIFMA. "If there is good availability of this information -- structured, user-friendly data -- it will improve surveillance."

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