José Manuel González-Páramo Appointed Chairman of European DataWarehouse

Frankfurt Am Main, Germany (ots/PRNewswire) -

European DataWarehouse (GmbH) (ED) is pleased to announce today
that it has appointed Jose Manuel Gonzalez-Paramo as Chairman.

Jose Manuel will oversee the direction of ED, which was created in
mid-2012 with the support of the European Central Bank (ECB), the
Eurosystem National Central Banks and global investors (through the
Market Group and ECB Technical Working Groups) to respond to the need
for full disclosure and transparency for investors in asset-backed
securities (ABS).

Jose Manuel's professional experience is a blend of academic
activity, advisory positions and central bank decision-making. He was
a Member of the Executive Board of the ECB from 2004 until 2012,
where his responsibilities included market operations and monetary
policy implementation. Before his appointment to the ECB, he was a
member of the Governing Council of Bank of Spain (1994-2004) and of
its Executive Committee (1998-2004). Throughout his career he has
written and spoken extensively on the subjects of fiscal and monetary
policy and the economy.

Commenting on his appointment, Jose Manuel stated:

"ED has always been a project I feel close to, having contributed
significantly towards its initial development during my time at the
ECB. I am very pleased to be able to continue my involvement in
shaping the direction of this highly important market-led
initiative."

Markus Schaber, CEO of ED, added:

"This is a key appointment for us and I am delighted to be
welcoming Jose Manuel as Chairman of ED. In his role, Jose Manuel
will be involved in liaising with ED's Board members and various
committeesto set the strategic direction of the company in accordance
with its business plan and strategy. I will look forward to
benefiting from his extensive experience and insight as we continue
to build on the strong progress made with ED to date."

Fernando Gonzalez, Head of the Risk Strategy Section of the ECB
Risk Management Office and Chairman of the ECB ABS Loan-level
Initiative, commented:

"As a former colleague of Jose Manuel, I am confident that there
could be no-one better suited to taking on this role and I look
forward to collaborating with him again. He has an intimate knowledge
of the Eurosystem and is already extremely knowledgeable about ED. He
also recognises the importance of maintaining an inclusive approach
towards its development going forward with the Eurosystem."

Steve Gandy, Head of Securitisation for Santander Global Banking
and Markets, stated:

"As one of the largest shareholders in ED, I am very pleased to
see someone of Jose Manuel's considerable stature appointed to this
role. His expertise and knowledge of the project give us a strong
measure of confidence that ED will be developed in line with the
purposes for which it was created as a utility, and will meet the
needs of those who have invested in it together with its large number
of customers."

Paul Burdell, CEO of LCM Partners, added:

"Jose Manuel has always been a key supporter of the ABS Loan-level
Initiative and was a driving force behind the European DataWarehouse
from its conception. His influence and understanding make this an
extremely important appointment."

Notes to editors:

In December 2010, the Governing Council of the ECB announced its
intention to establish loan-by-loan data requirements for ABS in the
Eurosystem collateral framework, with the aim of improving
transparency and helping to restore investor confidence in the
European securitisation markets (the ABS Loan-level Initiative).

As part of the initiative, the ECB in April 2011 encouraged the
creation of a data warehouse for the processing, verification and
transmission of loan-level data by an independent constructor
external to the Eurosystem. At the same time, the ECB President
Jean-Claude Trichet invited market participants to lend their support
to this important initiative.

An independent group of nine leading ABS investors and originators
from across Europe called the "Market Group" was formed to oversee
and advise in relation to the RfI and RfP processes to select a
company to build the European DataWarehouse on ED's behalf.

ED will ensure that loan-level data is made available to market
participants to increase disclosure in relation to, and facilitate
the risk assessment of, existing and future ABS transactions.
Processes and software systems will be put in place that allow ABS
originators to submit loan-level data to ED electronically, and the
loan-level data will be checked for compliance with the specific ECB
reporting templates as well as for consistency and timeliness.

A number of advisors have been involved in the process of setting
up ED. LCM Partners (formerly Link Financial) has been overseeing the
ABS Loan-level Initiative and its implementation since its inception,
playing a key role in coordinating the parties and advisors.

At the end of June 2012, European DataWarehouse GmbH was founded
in Frankfurt am Main and started its operations officially on 3
January 2013.

For further information and a schedule of upcoming events please
visit http://www.eurodw.eu or contact:

European DataWarehouse GmbH

Markus Schaber
t: +49-69-808-843-201
markus.schaber@eurodw.eu

MHP Communications

Andrew Jaques
Ian Payne
t: +44(0)203-128-8100

ots Originaltext: European DataWarehoue
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