Open Platform: A Utility for Market Transparency

European DataWarehouse created a standardized repository of ABS data to improve data quality and restore confidence in the structured credit markets.

color-markus-schaber-euro-datawarehouse

The desire to improve transparency has been at the heart of many post-crisis regulatory efforts. In 2011, a European Central Bank (ECB) report highlighted the need for enhanced disclosure standards in the securitization markets after the crisis demonstrated that investors did not correctly assess the risks of the underlying asset pools of asset-backed securities (ABS) and relied too heavily on third-party assessments that were not always based on sufficiently detailed information.

In response to