The ECB is interested in ABS 1/3  BIS central bankers' speeches  insofar as they can help us achieve our policy objectives in compliance with our legal obligations, while ensuring risk equivalence in our collateral framework.
Having said that, the ECB will also – in the not too distant future – have to review the specific role of ABS in the context of the broader issue of QE beyond 2017. As regards its achievements, the loan-level initiative set an example of swift and convincing action to show that European ABS were, broadly-speaking, less risky than feared.