As Credit went to press, concerns about continued instability were easing in some quarters. This followed the European Central Bank's decision to inject EUR40 billion of liquidity into the three-month sector, where banks have been finding it hard to source credit in the asset-backed commercial paper (ABCP) market.
Yet in the same week, the negative signs continued. Standard & Poor's cut the rating for two SIV-lite deals - they are like special investment vehicles, but with defined maturities
The week on Risk.net, July 7-13, 2018Receive this by email