LONDON - As European banks get ready for the road towards full implementation of Basel II, the number of ABCP program restructurings for Basle II reasons remain low. This was the consensus at the Moody's Investors Service's and the International Primary Market Association's Fourth Annual ABCP and SIV Conference held here last week.

Panelists at last week's gathering said it is still not certain how the final Basel II regulation will shape up, so they anticipate more changes ahead. This is why timing issues are not a concern yet and ABCP players have placed little emphasis on premature restructuring efforts.

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