PCS publishes White Paper on bank deleveraging and the need to bridge the European funding gap


Today, the Prime Collateralised Securities initiative is publishing a White Paper on the likely impact on Europe of bank deleveraging and possible ways of bridging the resulting funding gap.

PCS believes that, as the acute bank and sovereign crisis of the last few years appears to be receding, the task of providing for the long term funding of the European real economy is posing a critical challenge for policy makers.

Aware of the focus on this matter in Europe and globally, with this paper PCS hopes to contribute to this important debate.