The Technical Working Group (TWG) has been established to offer advice on various aspects of the ABS loan-level initiative. The TWG consists of senior market participants and is chaired by the European Central Bank. Through this forum, market participants provide feedback on the establishment of a specific framework for the supply, use and reporting of ABS loan-level data.
The TWG is divided into six groups; each one deals with transparency standards for a specific asset class, namely:
The groups consist of approximately 10 to 15 members each. They represent investors, originators, rating agencies, industry organisations and members of the Eurosystem. (TWG composition)