PCS files its response to the European Commission's Green Paper on Long-Term Finance. The paper very much seeks to focus on clear and actionable plans. It re-iterates the importance of creating a robust yet reasonable prudential regulatory framework around securitisation in Europe and how this can be done by inserting a definition of "high quality securitisation" in all the European legislation and then calibrating this asset class against its actual excellent performance. In the context of SME finance, PCS also puts forward a substantial proposal that would harness the public sector to revive the SME securitisation market and channel much needed funds to a sector that is likely to suffer disproportionately from bank deleveraging. Our full response can be found here.