Brussels, 02/10/2014 (Agence Europe) - Following the meeting of its Governing Council in Naples, the European Central Bank (ECB) on Thursday 2 October clarified the details on the massive programme to buy back asset-back shares (ABS) and covered bonds.
This programme, of a duration of “at least two years” to run from mid-October, aims to “boost lending to SMEs”, said the president of the Frankfurt-based monetary institute, Mario Draghi. It will allow banks to lose from their...