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Europe Daily Bulletin No. 11168

3 October 2014
Contents Publication in full By article 20 / 24
ECONOMY - FINANCE - BUSINESS / (ae) ecb
Clarifications on ABS and covered bonds buy-back programme

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...

Contents

HEARINGS OF COMMISSIONERS-DESIGNATE
SECTORAL POLICIES
INSTITUTIONAL
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS