Scepticism greets ECB stance on MBS waiver

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Scepticism greets ECB stance on MBS waiver

Issue: 1167 - 13 August 2010

The European Central Bank criticised a proposed waiver in CRD III allowing the senior tranches of self-originated MBS to be used as collateral for covered bonds on Monday, surprising many market participants, who said that the criticism appears to be due in part to a misunderstanding. ..

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