In my remarks today, I would like to suggest some fundamental changes in the structure of private-label MBS that might help a recovery, over time, in investor confidence and in the market for these securities. I believe that mortgage securitization has the potential to deliver economic value to investors, lenders, and, ultimately, borrowers.
Mr. Duisenberg discusses the comparisons between the structures and methods of the European System of Central Banks and the US Federal Reserve System Address held by the President of the Netherlands Bank and of the Bank for International Settlements, Dr. W.F. Duisenberg, at the Spring Meeting of the Institute of International Finance in Washington on 29/4/97. 1.