Marc Lackritz, SIFMA CEO, On Master Liquidity Enhancement Conduit Initiative

“We welcome the Master Liquidity Enhancement Conduit initiative. Over the past few months commercial paper markets have undergone extraordinary stresses and change. We believe the formation of this conduit vehicle by the consortium of banks initiates a strong first step in bringing liquidity and stability back to the ABCP market. We are pleased the banks and market participants working together have undertaken this important and proactive initiative for the stabilization of short-term debt markets.”