Participants in the $1.2 trillion (€866bn) global asset-backed commercial paper sector are confident that investors have regained some of their focus this week after a series of shocks that brought the market to a halt over summer, but they have conceded there is still work to be done to restore confidence and stability to the sector.

Two debt market trade bodies, the American Securitisation Forum and its European counterpart, the European Securitisation Forum said in a joint statement following a conference call with ABCP market participants yesterday: "Participants agreed that there are signs this week of some improved flows."