Euroweek published an article entitled "regulators must act on securitisation before it is too late". The article examines President Draghi's comment in Davos about the lack of securitisation issuance and the role of regulation in this state of affairs. Speaking of the need for a definition of high quality securitisation, it cites the PCS initiative as an example of how this can be achieved and quotes PCS' statements at the Las Vegas US securitisation conference. It also ties the issue of securitisation with that of the rebalancing of the European financial system away for the crushing preponderance of banks. The article may be found here.