Another example is the reduction in pressures in U.S. dollar funding markets (as evidenced by the sharp narrowing of spreads between Libor (London interbank offered rates) and OIS (overnight index swap) rates and the decline in premiums paid for U.S. dollars in foreign exchange swap markets).
* * * Dear ladies and gentlemen, esteemed representatives of the insurance industry, state institutions, corporate sector and university, dear international guests, I have the pleasure of introductory address at this gathering, the first large-scale event fully dedicated to insurance business.