FRANKFURT Dec 15 The European Central bank has
shed ING and Amundi as the two remaining private asset-managers
that buy asset-backed securities (ABS) on its behalf, replacing
them with national central banks, its said on Thursday.
"The Governing Council of the European Central Bank (ECB)
decided yesterday that the Asset-Backed Securities Purchase
Programme (ABSPP) should be fully implemented by national
central banks rather than relying on the support from external
managers," the ECB said.
"This had been envisaged and announced when the programme
was first launched."
The central banks of Germany, Spain, Italy and the
Netherlands will start buying ABS in their stead, joining their
peers in Belgium and France.
(Reporting By Francesco Canepa; Editing by Balazs Koranyi)