· Joachim Nagel Wiki · Deutsche Bundesbank WikiKeynote speech - 10th anniversary of European DataWarehouse
Read full speech on bis.org ↗ContextKeynote speech by Joachim Nagel, President of the Deutsche Bundesbank, at the10th anniversary of European DataWarehouse, Frankfurt am Main, 14 November 2022.
Why it mattersNagel argues that data transparency can rebuild trust in securitisation.
Problems raised
- Trust was lost in the financial crisis.
- Securitisation was blamed for bad loans.
- Investors need information.
Solutions proposed
- Use data warehouses to rebuild trust.
- Improve transparency of asset-backed securities.
- Support European securitisation markets.