NEW YORK - Although Basel II and U.S. regulatory changes continue to have an impact on the conduit market, growth in asset-backed commercial paper issuance is expected to continue, said Deborah Seife, managing director at Fitch Ratings at a briefing the ratings agency hosted here last week.

New risk-based liquidity rules may weaken bank-provided liquidity support and limit the ability of liquidity sources to fund certain lower rated assets, according to a Fitch research report.

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