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Legal Spotlight

The ECB has set minimum standards that ABS must meet if issuers are to use the securities as repo-eligible funding. Angus Duncan assesses the impact of these new rules on existing ABS

Eligible collateral

On January 20, the European Central Bank announced two new requirements that asset-backed securities must satisfy if Eurozone banks are to be able to use them as collateral for monetary operations, including one-month and three-month repo financing, with Eurozone central banks. Repo financing has become increasingly important to Eurozone banks over the past year as the

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