Draghi’s ABS-Market Revival Set for Boost From Regulators
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Mario Draghi is trying to rebuild the market for asset-backed securities in Europe. Global regulators are set to lend him a hand.
The International Organization of Securities Commissions will present criteria for marketable ABS to finance ministers from the Group of 20 nations this week, said Chairman Greg Medcraft. Iosco wants to help create standards that would encourage non-bank investors to buy.