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. "If there is good availability of this information -- structured, user-friendly data -- it will improve surveillance."

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