"Banks Reiterate Backing For the SIV Rescue Fund" says WSJ

Dec 19 07

"Banks Reiterate Backing For the SIV Rescue Fund" says WSJ. The M-LEC, or Master Liquidity Enhancement Conduit, a "super-SIV" fund designed to take on assets of structured investment vehicles, is steaming ahead regardless of other banks' decisions to back their own SIVs. "SIVs and SIV sponsors have taken several constructive measures over recent weeks to address liquidity-related issues. We applaud these positive steps. M-LEC is a private-sector initiative intended as another solution to help facilitate orderly short-term credit markets as they relate to SIVs," said a statement to the Journal.

Email This Article




Use a comma or a semicolon to separate

captcha image

Daily Link Archive

2024
March
February
January
2023
December
November
October
September
August
July
June
May
April
March
February
January
2022
December
November
October
September
August
July
June
May
April
March
February
January
2021
December
November
October
September
August
July
June
May
April
March
February
January
2020
December
November
October
September
August
July
June
May
April
March
February
January
2019
December
November
October
September
August
July
June
May
April
March
February
January
2018
December
November
October
September
August
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
March
February
January
2016
December
November
October
September
August
July
June
May
April
March
February
January
2015
December
November
October
September
August
July
June
May
April
March
February
January
2014
December
November
October
September
August
July
June
May
April
March
February
January
2013
December
November
October
September
August
July
June
May
April
March
February
January
2012
December
November
October
September
August
July
June
May
April
March
February
January
2011
December
November
October
September
August
July
June
May
April
March
February
January
2010
December
November
October
September
August
July
June
May
April
March
February
January
2009
December
November
October
September
August
July
June
May
April
March
February
January
2008
December
November
October
September
August
July
June
May
April
March
February
January
2007
December
November
October
September
August
July
June
May
April
March
February
January
2006
December
November
October
September