Category: Structured Finance
Call for ‘risk-sensitive’ prudential approach
The ECB has published its comments in connection with the European Commission’s targeted consultation on the functioning of the EU securitisation framework. In particular, the ECB says that the experience it has gained - as an investor in the ABS market through its asset purchase programmes, a collateral taker in its credit operations and as the competent authority for directly supervising significant credit institutions – suggests that improvements are needed to support a more effective securitisation market.
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