Meanwhile, “all regions and departments shall actively support the building and development of financial credit information system and make full use of its credit information resources to strengthen credit building and management”. BIS Review 121/2007  3  Third, supervision should be intensified to cultivate and regulate the credit information market development.
The spreads between the three-month deposit and the overnight index swap (OIS) rates have broadly stabilised, but at rather high levels ranging between 60 and 80 basis points in all major markets, including the euro area, the US and the UK. At the 12-month maturity, however, euro area money market spreads recently increased and exceeded 90 basis points.