The European Central Bank has selected Blackrock Solutions to provide it with consultancy services in its preparations for a program to buy asset-backed securities (ABS), an ECB spokesman said on Wednesday.
Blackrock will provide advice on the design and implementation of a potential ABS purchase programme, but all final decisions will be taken by the ECB itself, the spokesman said.
ECB President Mario Draghi said on Friday the central bank’s preparations for outright purchases of ABS were “fast moving forward and we expect that it should contribute to further credit easing.”
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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