The European Central Bank’s recent move to buy up asset-backed securities will not help the continent’s economic recovery without a simultaneous and co-ordinated effort by European financial regulators to relax ABS capital requirements on banks, according to investors.

Representatives from groups including Allianz Global Investors and Gryphon Capital discussed the faults in the current market for securitisations and debated potential solutions at the International Capital Market Association's Asset Management and Investors Council in London on Wednesday.