27 May 2014
ECB's Draghi: ECB to push for revising ABS market rules
FXStreet (Łódź) - Mario Draghi declares he is “thinking about a path for a more perfect Europe.”
• “Impairment to lending to SMEs impairs our ability to fulfill our mandate. But we won't design this product.”
• Standardization of SME loan contracts is needed.
• Draghi reveals that the ECB and the BoE will publish a joint paper on ABS this Friday.
• “Constructing the ABS market depends also on the Financial Stability Board.”
• “The Eurozone ABS market should become more active in one year,” Draghi suggests.
• “Impairment to lending to SMEs impairs our ability to fulfill our mandate. But we won't design this product.”
• Standardization of SME loan contracts is needed.
• Draghi reveals that the ECB and the BoE will publish a joint paper on ABS this Friday.
• “Constructing the ABS market depends also on the Financial Stability Board.”
• “The Eurozone ABS market should become more active in one year,” Draghi suggests.