Since the onset of financial market turmoil in August 2007, the European Central Bank (ECB), in line with other major central banks, has significantly expanded its term liquidity management operations.

More recently, the Bank of England (BofE) introduced its Special Liquidity Scheme (SLS). With the wholesale markets closed, these central bank programs have offered a viable alternative for banks looking to shift paper and provided some much-needed liquidity at a critical time in the market.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.