Global Risk Regulator publishes a good article on the current state of securitisation regulation

The most recent edition of Global Risk Regulator contains a very good article on the current state of securitisation in Europe and entitled “Regulators offer hope for European securitisation: New proposals for banks and insurers are more nuanced, but industry fears that capital rules are still too severe”.  PCS is mentioned and quoted extensively.  The article can be found here.  (It is behind a pay wall).