Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

ECB to Start Requiring Loan-by-Loan Data on ABS By Year-End

June 13 (Bloomberg) -- The European Central Bank will start requiring lenders to provide data on the loans in asset-backed securities used as collateral for funding by the end of this year.

The data requirement will initially cover loans in residential mortgage-backed securities, pending the approval of the ECB’s governing council, said Fernando Gonzalez, the bank’s head of strategy, who was speaking at the 2012 IMN/AFME Global ABS conference in Brussels.

Loan-level reporting for commercial mortgage-backed securities and bonds backed by financing to small and medium-sized businesses will start in 2013, he said. Loan reporting for other classes of securities such as bonds backed by car loans will start in 2014.

The Frankfurt-based central bank is seeking to improve the quality of the assets it takes on as loan security while improving confidence among investors. Banks create ABS by pooling the proceeds of consumer and property loans, typically allowing them to raise money more cheaply than by issuing unsecured debt.

To contact the reporter on this story: Esteban Duarte in Madrid at

To contact the editor responsible for this story: Paul Armstrong at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.