Against this there is a horror story. It says that HSBC's definition of capital excludes mark-to-market losses on asset-backed securities (ABS).

(除了上面提到的故事)，这里有一个恐怖故事，据说汇丰的资本定义是不包含资产证券化过程中的市值损失。

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The Bank of England has temporarily widened the range of securities it accepts to include less pukka bonds, such as asset-backed securities (ABS).

英格兰银行也暂时扩展了其接受债券的范围，开始接受不太一流的公债，譬如资产支持证券(abs)。

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So it's recently moved into asset-backed securities, launching the CQS ABS fund.

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John Bella, managing director in ABS at Fitch Ratings, said net losses on auto asset-backed securities have fallen steadily since the crisis four years ago, and the deals are now backed by stronger collateral, or loans made to so-called prime borrowers.

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