PCS, together with many other stakeholders, filed its response to the Commission’s consultation on Europe’s securitisation framework.
At 167 questions, there is no doubt the Commission’s survey was comprehensive. At a little over 30,000 words, we hope PCS’ response was too. Reflecting our nature as an independent voice seeking to help revitalize the securitisation market as a safe and strong tool for financing the European economy, our response seeks to present a coherent approach and a middle course between the minimalist posture of some stakeholders, most prominently the prudential regulatory community, and a more radical, and in our view maybe excessive, program of regulatory roll-back favoured by some more enthusiastic market participants.
We expect only the hard-core to read our entire submission, but feel free to dip in to get a sense of our views on specific topics that can sometimes be puzzling such as: “Did the name for the CRR capital requirements curve generated by the SSFA formula– the “half-pipe” – really take its name from skateboarding?"
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