The Prime Collateralised Securities initiative (PCS) is an independent, not-for-profit initiative set up to re-inforce the asset-backed securities market in Europe as a key to generating robust and sustainable economic growth for the region. At the heart of the PCS initiative is the PCS Label designed to enhance and promote quality, transparency, simplicity and standardisation throughout the asset-backed market.
Rapporteur report on STS securitisation is published
The Board of the PCS Association publishes its framework for analysing jurisdiction specific PCS Label criteria
Bloomberg covers the industry joint-note
A new joint-note shows the depth of consensus over the European Commission’s securitisation proposals