Bloomberg covers the industry joint-note

Bloomberg covered the joint-note on STS securitisation in an article stressing some of the issues that required attention.  (PCS is quoted).

Although Bloomberg’s article legitimately covers the problems with the project, it should also be stressed that the joint-note, in our view, was aimed at correcting essential elements of an otherwise very positive initiative from policy makers and should not be seen as expressing a negative perspective on the initiative as a whole.