FSA Sees Reclassifying Subprime As Prime

The U.K.’s Financial Services Authority reportedly says building societies may be able to reclassify subprime loans as prime if they have performed well for five years.

  • 26 Mar 2010
The U.K.’s Financial Services Authority reportedly says building societies may be able to reclassify subprime loans as prime if they have performed well for five years. The FSA says that while it does not believe seasoned high loan-to-value lending become less risky for a society just because a ...

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

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3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%