The European Central Bank (ECB) is calling for more transparency on ABS  to revive the market, according to market reports 

In its monthly bulletin, the ECB said that more disclosure of information on the loans that back the securities aside from efforts to improve investor confidence in rating agencies could result in the revival of the securitization markets.

Only 11 ABS deals, worth €5 billion ($ 6.7 billion), have been registered this year in Europe, against the first seven months of 2007 when 241 such deals, worth €199 billion, were made, according to data from Dealogic.

The ECB's push is also seen as a sign of its concerns about risks posed by the asset-backed securities it has been accepting as collateral to pump liquidity into eurozone banks.

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