Fitch Ratings said today that the recognition of the need for greater transparency of structured finance transactions is a positive direction for the industry.

The rating agency added that the improvement of the quality of information provided by originators is a significant factor in both the revival of the structured finance industry and the re-entry of investors into the market. The statement followed calls by Francesco Papadia, director general at the European Central Bank (ECB), for greater transparency regarding the transactions accepted as collateral, and suggestions that reporting could instead include more granular and even possibly loan-by-loan information.

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