ECB Purchases

September 30th, 2014 11:40 am | by John Jansen |

Via a fully paid up subscriber:

ECB to Propose Buying Lower-Rated Greek, Cypriot Assets, FT
Says  11:28
Financial Times cites people familiar with the matter as
saying ECB Executive Board will propose that existing
requirements on the quality of assets accepted are relaxed to
allow purchases of senior tranches of Greek and Cypriot
asset-backed securities in ABS program.
• ECB would buy smaller proportions of ABS from Greece, Cyprus
than from other nations to compensate for greater risk, FT
says, citing Eurosystem official
• NOTE: ECB Governing Council meets to approve monetary-policy
decisions on Oct. 2 in Naples, Italy

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