FCA meddles with league tables, IPO allocs

The UK’s Financial Conduct Authority will look over some banks’ shoulders to make sure they are allocating IPOs fairly and is trying to get league table providers to reduce incentives for banks to engage in ‘league table trades’ in the MTN and equity block trades markets.

  • By Graham Bippart, Jon Hay
  • 20 Oct 2016

These are two of the main conclusions in the final report of the FCA’s Investment and Corporate Banking Market Study, published on Tuesday.

“League tables as a regulatory priority — I mean, you couldn't make it up,” was the response of one bewildered head of equity capital markets.

The ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 397,802.90 1500 9.03%
2 JPMorgan 363,302.17 1650 8.25%
3 Bank of America Merrill Lynch 348,228.35 1238 7.91%
4 Goldman Sachs 258,286.96 872 5.87%
5 Barclays 255,555.03 1005 5.80%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 41,871.90 183 6.88%
2 Deutsche Bank 36,549.85 129 6.00%
3 BNP Paribas 30,861.76 187 5.07%
4 Bank of America Merrill Lynch 30,788.61 98 5.06%
5 Barclays 30,558.69 87 5.02%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 21,646.51 97 8.85%
2 Morgan Stanley 17,632.84 92 7.21%
3 Citi 16,974.50 104 6.94%
4 UBS 16,761.62 67 6.85%
5 Goldman Sachs 16,323.87 89 6.67%