ECB’s Praet targets stronger ABS demand
Peter Praet, a member of the ECB's executive board, yesterday said the revival of the market for asset-backed securities (ABS) is "essential for the provision of finance to the corporate sector", and it is vital to understand why investors are shying away from ABS despite their "proven good performance and very few defaults" in Europe.
He suggested to a London audience that the regulatory treatment of ABS could be a factor, as could the lack of secondary market liquidity and the "relative
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