Study finds auto ABS liquidity is on par with German covereds

A study commissioned by the European securitization industry has found that non-mortgage backed ABS, such as auto loan securitizations, have better liquidity than covered bonds when liquidity is measured mainly by bid-ask spreads rather than trading turnover.

  • By Joseph McDevitt
  • 14 Feb 2014
The study has drawn very different conclusions from the European Banking Authority’s study of liquidity, which formed the basis for recommending that only certain, high quality RMBS be allowed in Level 2b of bank liquidity coverage ratios (LCR). It found that ABS liquidity was worse than sovereign, corporate ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%