Q&A: Benoît Coeuré, ECB, on securitisation and clearing risks

Revamped ABS market will need state support if it is to be a game-changer for Europe

benoit-coeure-web
Benoît Coeuré, member of executive board, European Central Bank

Europe's taxpayers and politicians may not like the idea, says Benoît Coeuré, a member of the executive board at the European Central Bank (ECB), but if they want asset-backed securitisation (ABS) to really boost the economy, then the state will need to provide some kind of guarantee to the market.

"This is obviously not a decision that falls under the remit of the ECB, because it is not our money and, at the end of the day, it's shifting risk to public balance sheets, so it has to be a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here