ECB Overhauls ABS Program, National Central Banks Participate
After receiving criticism from institutional investors and traders (not enough ABS purchases), the European Central Bank (ECB) modified its asset-backed security purchase program. Regarding the program changes, Deutsche Bank AG and State Street Global Advisors will no longer acquire asset-backed securities for the ECB. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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