Tomorrow, the securitisation community will begin to gather once more in Barcelona for the annual Global ABS Conference. Always a highlight of the ABS annual calendar, this year’s conference will focus quite strongly on the coming of the new STS regime and what it means for the market. As always, PCS will be present and seeking to assist market participants I line with its mission. This year, we will attend under the banner of “making sense of STS” and have prepared various publications which seek to do just that. So we invite all of you who are planning to attend to visit us at our stand for a chat and to pick up what we hope will be useful material on the new dispensation. Hoping to see you there and wishing you a safe journey.