LONDON, June 11 It is up to the market and not
public authorities to take the leading role in reviving the
asset-backed securities (ABS) market, Bundesbank board member
Andreas Dombret said on Wednesday.
"Investors are interested in asset backed securities and
there is a good reason why it's important to revitalise the
asset backed securities market," Dombret told reporters during a
visit to London.
"First and foremost it's a job for the industry itself. One
should not always call for the public sector to be in the
forefront when it should be in the interests of the market
itself to revitalise that," he added.
(Reporting by Huw Jones; Editing by Catherine Evans)