Industry calls for better treatment on green collateral

Loans backed by energy efficient buildings could be less risky than conventional mortgages, and should receive better regulatory treatment, according to participants at the European Mortgage Federation-European Covered Bond Council’s (EMF-ECBC) stakeholder meeting held in Brussels on Thursday.

  • By Bill Thornhill
  • 17 Feb 2017

The argument for better treatment rests on the idea that energy efficiency measures give borrowers more disposable income, and make properties more valuable. A valuation agency has also noted a correlation between staying current with payments and living in an energy efficient property.

Regulatory treatment does not have to ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 8,472.52 36 6.23%
2 Commerzbank Group 6,830.68 42 5.02%
3 UniCredit 6,825.82 54 5.02%
4 BNP Paribas 6,477.17 27 4.76%
5 LBBW 6,164.20 30 4.53%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 76,735.74 292 7.46%
2 Goldman Sachs 66,779.36 341 6.49%
3 Bank of America Merrill Lynch 66,233.82 244 6.44%
4 Citi 64,774.47 386 6.30%
5 JPMorgan 62,619.72 299 6.09%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 58,377.98 212 10.75%
2 Citi 56,078.22 301 10.33%
3 Bank of America Merrill Lynch 53,331.73 206 9.82%
4 JPMorgan 51,859.15 229 9.55%
5 Goldman Sachs 51,104.62 280 9.41%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 5,014.64 17 7.41%
2 SG Corporate & Investment Banking 4,741.46 19 7.01%
3 BNP Paribas 4,566.36 14 6.75%
4 Credit Agricole CIB 4,553.92 17 6.73%
5 Commerzbank Group 4,242.73 17 6.27%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 HSBC 7,876.41 27 14.03%
2 Barclays 6,735.15 18 12.00%
3 BNP Paribas 3,779.92 18 6.74%
4 Credit Suisse 3,754.01 17 6.69%
5 Citi 3,502.60 28 6.24%