ECB’s Coeuré: Europe faces ‘fundamental choice’ over ABS

High-quality ABS will need some form of public backing to reach potential

a photo of benoit-coeure of the ecb
Benoît Coeuré, ECB

A revamped asset-backed securitisation (ABS) market can break the traditional reliance of European borrowers on bank loans, according to Benoît Coeuré, executive board member at the European Central Bank (ECB), but only if politicians and taxpayers are willing to guarantee the debt in some form – a "very fundamental choice" now facing EU governments, he says.

Coeuré made his remarks in an interview with Risk.

The ECB has been a prime mover in plans to revive the European ABS market by creating a

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