Concerns grow over stress tests’ impact on bank capital market

The European Central Bank on Wednesday outlined the methodology of its upcoming bank asset quality review (AQR) and stress tests, which will indicate the health of the eurozone’s lenders before the ECB takes over as sole supervisor in November 2014. The results of the tests will inevitably lead to some banks needing to bolster their capital — but ECB president Mario Draghi is concerned that new state aid rules around the use of public rescue funds could undermine investors’ appetite for bank capital.

  • By Will Caiger-Smith
  • 23 Oct 2013

The eurozone’s top 130 lenders will need to meet an 8% common equity tier one capital ratio to pass the tests, which will be completed by next October.

The 8% ratio can be broken down into a fully phased-in Basel III CET1 ratio of 4.5%, a 2.5% capital ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 HSBC 2,397.96 9 4.23%
2 SG Corporate & Investment Banking 2,188.22 8 3.86%
3 LBBW 1,773.99 6 3.13%
4 UBS 1,773.35 6 3.13%
5 BNP Paribas 1,771.98 5 3.12%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 14,170.16 27 10.64%
2 Bank of America Merrill Lynch 11,925.37 24 8.95%
3 Citi 9,905.55 26 7.44%
4 Barclays 8,491.43 14 6.38%
5 Goldman Sachs 7,806.19 24 5.86%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 10 Jan 2017
1 Citi 7,161.15 5 19.51%
2 Barclays 5,414.82 3 14.75%
3 Credit Suisse 4,540.95 3 12.37%
4 Goldman Sachs 2,308.61 5 6.29%
5 Credit Agricole CIB 2,294.43 1 6.25%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 2,188.22 8 11.15%
2 LBBW 1,773.99 6 9.04%
3 BNP Paribas 1,422.29 4 7.25%
4 HSBC 1,372.05 4 6.99%
5 UBS 1,350.40 4 6.88%

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
  • 17 Jan 2017
1 Bank of America Merrill Lynch 811.76 5 11.41%
2 Citi 712.63 4 10.01%
3 BNP Paribas 602.64 3 8.47%
4 Credit Agricole CIB 546.86 3 7.68%
5 JPMorgan 436.73 3 6.14%