Axa offers ABS repo facility to banks

You repo what you sow

Deborah Shire, Axa Structured Finance

The crisis may not be as acute as it was in 2008, but the need for liquidity and funding amongst financial institutions remains great. Smaller banks, along with those in peripheral European countries deemed to be weak, have continued to find funding conditions tough, particularly during May, when the Eurozone debt crisis was at its peak. European financial institutions have relied heavily on the European Central Bank as a result; but at least part of that funding source is becoming more difficul