Today, the EU Commission published its communication on long-term financing. Both this document and Commissioner Barnier in his press conference put strong emphasis on reviving the securitisation market. Even more importantly, the document identifies the need to craft a definition of high quality securitisation and to harmonise all the relevant regulations around this definition. This is a position that PCS has long advocated and strongly welcomes. It matches very closely both the work that PCS does and its mission. We urge all stakeholders in the securitisation market to rally behind this approach that now has clear support from policy makers in Europe. Details of the EU communication may be found here. The press release that PCS issued welcoming this development may be found here: PCS Press Release.