ECB unveils survey on wholesale credit markets

In the last quarter of 2023, credit terms in euro-denominated securities financing and over-the-counter derivatives markets remained unchanged, according to a survey conducted by the European Central Bank (ECB). The survey collected responses from 25 large banks and dealers active in targeted euro-denominated markets. This result contrasted with respondents’ predictions in the previous survey, which had forecasted a further tightening of conditions during the final quarter of the year. The ECB published the results on 2 February.