ECB to Fully Shift Bond Buying Mandate from Money Managers to Central Banks
The European Central Bank (ECB) has mandated the national central banks of each country will conduct the remainder of the ECB’s asset-backed securities purchase program starting April 1, 2017, instead of money management firms. The official name of the program was ABS purchase programme (ABSPP). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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