EC Credit Measure Idea Queried

Rating agency officials and traders have questioned the European Commission’s idea to use rolling averages of credit default swap spreads or bond prices instead of ratings to define minimum credit quality for portfolios that include securitizations.

  • 12 Nov 2010

--Olivia Thetgyi

Rating agency officials and traders have questioned the European Commission’s idea to use rolling averages of credit default swap spreads or bond prices instead of ratings to define minimum credit quality for portfolios that include securitizations.

“If you look at where CDS spreads have been over the ...

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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) 4,755 19 11.75
2 Citi 4,288 14 10.60
3 Rabobank 2,633 4 6.51
4 Goldman Sachs 2,615 4 6.46
5 Barclays 2,603 8 6.43

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 Jul 2017
1 Bank of America Merrill Lynch 57,945.74 181 12.35%
2 Citi 57,243.86 174 12.20%
3 Wells Fargo Securities 48,214.86 152 10.28%
4 JPMorgan 33,301.70 114 7.10%
5 Credit Suisse 25,010.27 80 5.33%