ECB's purchases to reduce Europe's bank fragmentation
ECB asset-backed securities (ABS) purchases will ease credit and promote banking mergers
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In this article
- Relieving banks' balance sheet constraints
- Financial institutions must shed their riskiest assets
- Sales of ABS help banks improve their capital base
- European loan market is 38% below its 2009 peak
- Market size
- Limited access to off-balance sheet funding
- Vital role in financing real activity
- Reducing bank fragmentation
- Limited impact
- Risk
- Size
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_350.jpg "European Central Bank President Mario Draghi testifies before the European Parliament's Economic and Monetary Affairs Committee in Brussels. (Reuters/Yves Herman)")