ESMA Allows Banks To Use Non-European Ratings

The European Securities and Market Authority has determined that regulatory frameworks for credit rating agencies of the U.S., Canada, Hong Kong and Singapore were “as stringent as” and in line with European rules, thus allowing European banks and other financial institutions to use such ratings from these agencies in calculating risk weights and other regulatory purposes.

  • 15 Mar 2012
The European Securities and Market Authority has determined that regulatory frameworks for credit rating agencies of the U.S., Canada, Hong Kong and Singapore were “as stringent as” and in line with European rules, thus allowing European banks and other financial institutions to use such ratings from these agencies ...

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
  • Today
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%