Revised Basel Proposals Still Seen Hurting Trade Finance

Revised proposals by the Basel Committee on Banking Supervision are seen as taking a softer stance on derivatives but not on trade finance.

  • 16 Aug 2010
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Revised proposals by the Basel Committee on Banking Supervision are seen as taking a softer stance on derivatives but not on trade finance. Dan Taylor, president of BAFT-IFSA, a trade group, said, “From what we can tell so far, on the specific trade issue, I don’t see that they’ve made any change at all.” As originally issued the so-called Basel III capital requirements would affect up to 90% of the $12 trillion trade-finance market, making such loans hard to come by and more expensive.

Click here to read the story from Reuters.

  • 16 Aug 2010

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 %
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1 Citi 83,931.01 244 12.94%
2 Bank of America Merrill Lynch 71,587.85 220 11.03%
3 Wells Fargo Securities 64,351.96 203 9.92%
4 JPMorgan 46,391.25 147 7.15%
5 Credit Suisse 37,323.31 115 5.75%