A round-up of analyst takes on the ECB funding operation: ING's Martin Van Vliet says the number...

|By:, SA News Editor
A round-up of analyst takes on the ECB funding operation: ING's Martin Van Vliet says the number of banks participating - 523 - is far lower than the 1,121 that took part at another vaunted operation in June 2009, suggesting most participation came from peripheral countries. The consensus seems to be liquidity problems (like with the Fed swap lines) have been addressed. Solvency issues, not so much.