Euro Data Disclosure More Advance than the U.S.

The article reports on the construction of a data repository for the availability of loans backing the residential mortgage-backed securities (RMBS) and asset-backed security (ABS) in Europe. It details that Link Financial Group was chosen by the European Central Bank (ECB) to develop and create the data warehouse and organize the Market Group. It adds that the disclosure requirements of the Bank of England (BofE) exceed the specific legal documents which may disqualify them from discount.