Concerns grow over risk retention impact on CLO market

The European Banking Association’s latest tweak to risk retention rules, which now requires CLO managers to retain deals on their own balance sheets, could slow the flow of new euro CLO issuance — until greater clarity is provided, according to market participants.

  • 28 May 2013

The EBA has changed the wording to article 122a, part of the Capital Requirements Directive II, in a consultation paper released last week on “draft regulatory technical standards on retention of net economic interest”.

The new rules will be part of the Capital Requirements Regulation framework, due to ...

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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) 4,628 18 11.81
2 Citi 4,288 14 10.95
3 Rabobank 2,633 4 6.72
4 Goldman Sachs 2,615 4 6.67
5 Barclays 2,603 8 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Bank of America Merrill Lynch 57,210.26 177 12.39%
2 Citi 56,957.04 171 12.34%
3 Wells Fargo Securities 47,551.45 149 10.30%
4 JPMorgan 32,965.91 111 7.14%
5 Credit Suisse 23,990.96 75 5.20%