European Parliament approves securitization framework

The European Parliament gave final approval to new common rules for securitization in the European Union on Thursday, in addition to finalising the simple, transparent and standardised (STS) securitization framework.

  • By Sam Kerr
  • 26 Oct 2017

The measure was passed by 459 votes to 135, with 23 abstentions, with MEPs praising it as a milestone in the development of the post-crisis European ABS market. Increased transparency was heralded as a cornerstone of the new rules.

“The question is, can a toxic product be turned ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 111,812.59 321 13.01%
2 Bank of America Merrill Lynch 97,835.52 286 11.38%
3 Wells Fargo Securities 81,904.68 250 9.53%
4 JPMorgan 62,040.18 194 7.22%
5 Credit Suisse 44,939.65 139 5.23%