ECB postpones wielding ABS repo axe

The European Central Bank has given ABS issuers longer than expected to provide loan-level data to the European DataWarehouse, due to come into effect in December, before losing repo eligibility. But the added costs involved will still be onerous for many borrowers, which may turn to covered bonds instead, analysts warned this week.

  • 13 Jul 2012

While the timetable for submitting data changed little, the ECB said on Friday that it would not start enforcing the rules until later — securities will be eligible for repo until the end of March 2014.

Borrowers must start submitting RMBS data from December 1, CMBS and SME-backed ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@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 Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,415 22 12.84
2 Citi 5,781 17 11.57
3 BNP Paribas 3,530 14 7.06
4 Credit Suisse 2,783 8 5.57
5 Rabobank 2,633 4 5.27

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,251.11 279 13.17%
2 Bank of America Merrill Lynch 90,895.27 265 12.06%
3 Wells Fargo Securities 72,661.39 222 9.64%
4 JPMorgan 52,367.24 169 6.95%
5 Credit Suisse 41,885.89 127 5.56%