That’s Asset Backed Securities rather than better brakes on your car

At least I think that’s what they’re referring to! lol

Discussion paper just published from ECB/BOE under the heading “The case for a better functioning securitisation market in the European Union”

  • authorities should play a role in re-starting ABS
  • banking system needs a wider range of funding
  • tranferring risk away from banks can benefit economy

Easing/monetary help by any other name but not going to happen any time soon unless ECB adopt some of it next week. The guessing game continues.