Resumen de What assets should be 'high quality ABS'?
The article focuses on the collaboration of the European Commission with the Basel Committee and International Organization of Securities Commissions to develop a standard for high quality asset-backed securities (ABS). An overview of the European Central Bank (ECB) and Bank of England's criteria for selecting collateral is given. Analyses of whether small- and medium-sized enterprises (SME) should quality as ABS and of the cliff effect of defining ratings-based high-quality ABS are offered.
