Transparency in the European Loan Markets: from words to facts

The ECB is at the forefront of bringing transparency to the European loan markets. First, with the introduction of its loan level initiative for the Asset Backed Securities (ABS) markets and second with its latest project to create a pan-European database for the collection of granular credit and credit risk data.

The path to transparency is an arduous one requiring great efforts for all those involved. In the lines below I will try to describe this path, first by recalling the …