First STS deal prices after PCS granted authorisation

fca
By Tom Brown
22 Mar 2019

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 ...

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