First STS deal prices after PCS granted authorisation
Prime Collateralised Securities (PCS) announced on Tuesday that it has officially been granted authorisation by the UK Financial Conduct Authority (FCA) to verify securitizations for the ‘simple, transparent, and standardised’ (STS) framework, days before the first STS deal went live.
PCS updated its website, stating: “PCS very much looks forward to serving the European securitisation market and all its stakeholders as a third party verification agent on the same not-for-profit basis that has been its hallmark since its inception."A Q&A followed the announcement, where PCS said ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com