The European Central Bank (ECB) confirmed that BlackRock has been hired as an advisor to develop a programme in order to purchase asset backed securities (ABS). Mario Draghi highlighted in June that he ECB will intensify preparatory work for purchases of European non-financial ABS in the European non financial sector, in a bid to revive […]
The International Organization of Securities Commissions has published 11 Principles in its Final Report on disclosure regimes that local regulators ought to demand from providers of ABS investments.
Europe’s asset-backed securities (ABS) market suffered significant damage to its reputation by being linked to the US sub-prime crisis in 2007. Three years on, practitioners are warning of more damage at the hands of European regulation.
Shamez Alibhai, of Cheyne Capital’s $940m real estate debt strategy says European real estate markets are the “last remaining dislocation” from the Lehman fall.