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Barclays analyst says ECB's influence in Asset-Backed Securities Market limited.

Global Banking News-June 2, 2015--Barclays analyst says ECB's influence in Asset-Backed Securities Market limited

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Global Banking News - 02 June 2015

According to an analyst with Barclays Plc (LSE: BARC), the ECB has only limited influence in the Asset Backed Securities market, reports Bloomberg.

Investors are demanding the highest yield premium in four months to hold asset-backed securities in euros as stimulus measures have failed to revive the region's USD253bn market.

The central bank has already purchased EUR6.2bn of notes since November as part of a EUR1.1tn quantitative-easing programme.

According to Dipesh Mehta, a director of securitization research at Barclays Plc in London, 'The recent widening of ABS bonds have made it clearer than ever in investors' eyes that the ECB has only limited powers to rejuvenate the eurozone ABS market. The ongoing uncertainty around Greece isn't helping either.'

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Publication:Global Banking News (GBN)
Date:Jun 2, 2015
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