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11/12/2013
Strongest support yet from the Bank of England for a return of securitisation
In a front page article appearing in today's Financial Times, Andy Haldane from the Bank of England expressed strong support […]
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10/12/2013
Euromoney article looking back at 2013 - PCS is quoted
Today, Euromoney published its review of 2013 for European securitisation with its outlook for 2014.  It picks up on the […]
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29/11/2013
Bank of England Financial Stability Report indicates support for securitisation
In its November Financial Stability Report, the Bank of England has expressed strong support for securitisation as a financing channel. […]
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28/11/2013
The Financial Times calls for a reduction in the "free money" programs of the ECB mentioning the securitisation markets as a prime victim
In today's Financial Times, an opinion piece by Patrick Jenkins calls for the dramatic scaling down of the LTRO and […]
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14/11/2013
EBRD and ING Asset Management join PCS
At the recent general meeting of the PCS Association, the European Bank for Reconstruction and Development became a Permanent Observer […]
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13/11/2013
In a draft report on long-term financing, the European Parliament recognises the importance of securitisation and calls for a definition of "high quality securitisation"
In its draft report on long-term financing of the European economy the European Parliament's Committee on Economic and Monetary Affairs has made […]
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06/11/2013
Another Financial Times article indicating the return of investor appetite for European securitisation
On November 3rd, the Financial Times ran an article entitled: "Asset-backed paper:too much, too soon?".  Despite its ambiguous title, the […]
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31/10/2013
The key challenges for the European securitisation market as seen by PCS
In an interview for the Italian Bankers Association (ABI), Ian Bell, Head of the PCS Secretariat, outlined the key challenge […]
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31/10/2013
EBA's LCR approach to ABS is coming under fire
Following the October 23rd public hearing held by the EBA on the liquidity cover ratios (LCRs), the authority's approach to ABS […]
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28/10/2013
Timely Standard & Poor's report entitled: "European Securitization Could Fund More Lending, If The Regulatory Stance Softens"
After a week that saw a clear indications from the Bank of England of a desire to rebuild securitisation but […]
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25/10/2013
Mark Carney, Governor of the Bank of England sees the Bank engaged in efforts to rebuild securitisation
In a speech given in London at an event to celebrate the 125th anniversary of the Financial Times, Mark Carney, Governor […]
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24/10/2013
EBA presentation on LCR
As indicated in yesterday's News item, the EBA had undertaken to place their presentation on LCRs at the public hearing […]
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23/10/2013
EBA has a public hearing on the LCRs. No good news for securitisation
Today, the EBA held a public hearing on the LCRs generally.  The meeting was somewhat unusual in that the hearing […]
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18/10/2013
ECOFIN discusses proposals to use securitisation with some public money as a way to provide European SMEs with access to finance
At its meeting in Luxembourg on 15th of October, the European Ministers of Finance discussed a proposal made by the […]
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14/10/2013
PCS quoted in an article in the Financial Times regarding a possible threat to the survival of the ABS markets
The Financial Times published an article on the risk that the ABS market in Europe could collapse as a result […]
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14/10/2013
PCS extends "Interim Period extension (version 4 Rule Book and Checklist for Dutch issuers only)" to 30th November 2013
In the PCS announcement dated 12th September 2013 it was noted that Dutch issuers may additionally benefit from an Interim Period […]
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09/10/2013
PCS amends Checklist, Rule Book, and Eligibility Criteria – 8th October 2013
Following the recent PCS Europe board meeting, a number of amendments have been made to the PCS Rulebook and in […]
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16/09/2013
ECB discusses the reactivation of the European ABS market in its most recent monthly report
In its September Monthly Report, the ECB published an article entitled "Reactivating the European ABS market: challenges and possible remedies". […]
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12/09/2013
PCS extends the PCS interim period to 11th October, 2013 for PCS Label applications
The PCS Europe Board has agreed to change of the end of the PCS Interim Period from September 11th, 2013 […]
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12/09/2013
The PCS Secretariat is pleased to announce that the first PCS label has been awarded for a securitisation with Italian assets. The transaction has Italian residential mortgage loans as its underlying assets.
Unicredit has successfully applied for and been awarded the PCS label for Cordusio RMBS Securitisation s.r.l. series 2007. Further details […]
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10/09/2013
ECB confirms that it will no longer accept as repo collateral RMBS and SME ABS that do not comply with the loan by loan disclosure requirements.
Yesterday the ECB announced that, as of October 16th 2013, RMBS and ABS of SME loans that do not comply […]
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04/09/2013
European Commission releases draft new rules for money market funds
Today, the European Commission released its new draft regulation for money market funds (MMFs). The relevant texts can be found […]
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22/08/2013
PCS extends the PCS interim period to 11th September, 2013 for PCS Label applications
The PCS Europe Board has agreed to change of the end of the PCS Interim Period from August 15, 2013 […]
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22/08/2013
PCS extends the PCS interim period to 11th September, 2013 for PCS Label applications
The PCS Europe Board has agreed to change of the end of the PCS Interim Period from August 15, 2013 […]
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30/07/2013
APG and Robeco join PCS Europe as members
Today, APG and Robeco joined the PCS Europe association as full members.  APG, as administrator of over 30% of all […]
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19/07/2013
Ian Bell, Head of the PCS Secretariat, has an article published in Financial World on the state of the European securitisation market
Ian Bell, Head of the PCS Secretariat, has an article published in the July/August edition of Financial World, a UK […]
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18/07/2013
ECB announces a reduction of the haircuts for certain ABS in its collateral rules
Today, July 18th, the ECB has announced some changes to the haircuts imposed on various instruments used as repo collateral. […]
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17/07/2013
Another positive intervention on securitisation, coming this time from the Italian Finance Minister Fabrizio Saccomanni
On July 16th, opening a seminar in Rome on  “Credit crunch. Credit funds” organised at the Ministry of Finance, Fabrizio […]
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15/07/2013
Mario Draghi, in his presentation to the European Parliament, explicitly supports the return of the securitisation market through making a distinction between high quality securitisation and others
  Mario Draghi, in his role as president of the European Systemic Risk Board, made a presentation to the European […]
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15/07/2013
The European Investment Bank has invited PCS to chair a technical working group on the issue of how better data collection and distribution could assist the revival of a strong SME securitisation in Europe
  Following a workshop organised under the auspices of the European Investment Bank and chaired by Wilhelm Molterer, Vice President […]
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