Home News ECB wants to introduce "Loan-by-loan" test within 18 months

ECB wants to introduce "Loan-by-loan" test within 18 months

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Copy of EZB - Foto_Koch_2010-07-11 055FRANKFURT (Dow Jones) – The European Central Bank (ECB) wants an already agreed in principle closer examination of certain securities that are submitted as collateral for monetary policy operations, introduce within the next 18 months.
(Photo: Koch)

As the ECB announced on Friday, with real estate mortgages are deposited securities (CMBS) and on transactions with smaller enterprises (SME)-based papers in future be reviewed on an individual loan level (loan-by-loan). Until the scheme comes into force, wants the ECB to accept these documents as before without a single credit check.