European bank treasurers await return of liquidity
European covered bond issuers are waiting for liquidity to normalise before printing new deals and will rely upon their access to emergency central bank liquidity lines instead, three funding officials told GlobalCapital. They are also contacting customers to better understand how their loan and deposit books are likely to change before deciding how their funding strategies should be revised.
“Until we have a good understanding of the medium term intentions of our clients, and have consolidated these to determine what the implications are for our funding, it’s too early to say how our requirement will change.” said the head of funding at a major northern European bank....
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