With the banks themselves fighting for liquidity it is reasonable to assume that corporates will have felt the impact of the credit crisis on their liquidity risk management and corporate funding strategies. Gerry Bacon, group treasurer of Vodafone, chaired and introduced the session on this topic. Panel members included Erhard Wehlen, group treasurer of Linde, Graham Wood of the supervisory board at E.ON International Finance, and Henryk Wupperman, head of capital markets at Bayer.