At 167 questions, there is no doubt the Commission’s survey was comprehensive. At a little over 30,000 words, we hope PCS’ response was too.
PCS, together with many other stakeholders, filed its response to the Commission’s consultation on Europe’s securitisation framework.
At 167 questions, there is no doubt the Commission’s survey was comprehensive. At a little over 30,000 words, we hope PCS’ response was too. Reflecting our nature as an independent voice seeking to help revitalize the securitisation market as a safe and strong tool for financing the European economy, our response seeks to present a coherent approach and a middle course between the minimalist posture of some stakeholders, most prominently the prudential regulatory community, and a more radical, and in our view maybe excessive, program of regulatory roll-back favoured by some more enthusiastic market participants.
We expect only the hard-core to read our entire submission, but feel free to dip in to get a sense of our views on specific topics that can sometimes be puzzling such as: “Did the name for the CRR capital requirements curve generated by the SSFA formula– the “half-pipe” – really take its name from skateboarding?"
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