Unsellable bonds structured to abuse ECB scheme

Author: Rachel Evans | Published: 4 Sep 2008

The integrity of the European Central Bank's liquidity scheme is in doubt, with reports that commercially unviable bonds are being created to offload illiquid assets.

The ECB has injected liquidity into the market with financing in exchange for collateral. Doubts about the quality of this collateral have been growing for months, but the extent of the...

Upcoming events

  • 22feb

    Asia M&A Forum

    Island Shangri-La Hotel, Hong Kong February February 22-23 2012

Web seminars

Proposed US offering reforms
March 8, 2012
4.00 pm GMT