New German Liquidity Rules Cloud Future of Variable-Rates

Finestone, Deborah
February 2003
Bond Buyer;2/4/2003, Vol. 343 Issue 31566, p1
Trade Publication
Reports that German rules expected to take effect in 2005 for foreign banks that provide liquidity for variable-rate bonds may prove to be a major hindrance in the path of U.S. municipal market sector. Reason why European commission decided to abolish public-sector support mechanisms for landesbanken in 2001; German landesbanken which would lose German state guarantee; Issuers who can be affected in the situation.


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