Financial Times runs a long article on the proposed ECB program (PCS quoted)

Today, the Financial Times "Analysis and Comments" section ran a comprehensive article on the ECB ABS purchase program, quoting PCS. (Please note the article is behind a paywall).  Entitled "Asset backed securities back from disgrace", the article also sets the program within the changing perception of ABS across the European policy making space and analyses some of the elements on which the ECB program's success will turn.