Draghi hints at ECB buying, calls for bifurcated ABS regulation

ECB president Mario Draghi did not rule out buying securitizations to help Europe’s economic recovery, while speaking on a panel at the World Economic Forum on Saturday. But he lamented the state of the securitization market and called on regulators to do more to distinguish between plain vanilla ABS and more opaque securitizations.

  • By Joseph McDevitt
  • 27 Jan 2014
Issuance in the corporate and financial institution bond markets had recovered sufficiently that ECB intervention was not required in those areas, according to Draghi. Buying loans on bank’s balance sheets would be helpful, but the ECB did not want direct exposure. “The issue for further thinking in the ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@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.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%