AFME and the European Financial Services Roundtable (EFR) have announced the launch of Prime Collateralised Securities (PCS), a project to develop a label for high-quality securitisations. An association (the PCS Association) to govern the label has been established, eligible asset classes identified and compliance with loan to loan reporting standards ensured. The first label is likely to be granted later this year. (Source:AFME and EFR launch PCM)
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AFME launches label for high-quality securitisations
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