Markit launches Euro ABS transparency initiative

Markit, the London-based provider of independent data, portfolio valuations, and OTC derivatives trade processing, is reportedly working with a number of dealers - BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, JPMorgan, Lehman Brothers, Morgan Stanley, Royal Bank of Scotland, and UBS - to facilitate the distribution of European asset-backed securities (ABS) prospectuses and investor reports throughout the EU. According to Markit, this move is in response to calls by the European Commissio