Poor liquidity and minimal transparency has stymied the progress of the European ABS secondary market. So it was welcome news when the European Securitization Forum announced the creation of a working group for the purpose of boosting efficiency in the asset and mortgage-backed securities secondary sector. The working group is co-headed by two stalwarts of securitization trading – Rob Ford and Ron Miao – heads of European ABS trading at Barclays Capital and Citigroup respectively.
“It has been recognized for some time by the trading and investor community that there’s a need for greater pricing transparency,” says Ford.
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