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02 February 2018

European Systemic Risk Board (ESRB) on Sovereign Bond Backed Securities (SBBS)

The ESRB has just published its long-awaited reports (Part I and Part II) on SBBS. They are exhaustive and thorough reports on an intellectually attractive idea that was generated in 2011 by the consequences of the Great Financial Crash. The plan is designed to create a new class of “safe...

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