• wants ECB to be ready regardless what ABS regulators do
  • economics of revived ABS market must work
  • doesn’t want pre-crisis ABS market re-created

Sounds like he’s making his excuses already for non-delivery of ABS despite his more urgent timeline given earlier

Q&A over and Mr D wishes us all happy summer hols

Wow, what a guy. lol

EURUSD 1.3366 EURGBP in retreat mode at 0.7938 after that ( false? ) break of 0.7950 earlier