This is an opportune time for government and the private industry to continuously coordinate efforts to ensure the continuity of the policy reforms that helped guide the economy and our banking system to being among the world’s most resilient.
Moreover, one gets an even more positive message from the credit spreads on securities backed by auto loans and credit card receivables. In recent months, the spreads between the yields on these securities and swap rates of comparable maturities have narrowed across the credit spectrum.