PCS is last hope for structured finance, says BarCap

Analysts from Barclays Capital published their European ABS outlook on Thursday, arguing that the regulatory environment constitutes an "existential and now imminent threat" to securitisation in Europe.

  • 03 Feb 2012

The Prime Collateralised Securities initiative (PCS), led by the Association for Financial Markets in Europe (Afme) represents the "best, only and last hope for the asset class" according to the note.

Their argument is based on several regulatory threats to crucial investor classes — Solvency II for insurers and ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 May 2016
1 UBS 7,793.76 40 3.19%
2 Credit Agricole CIB 7,488.77 32 3.07%
3 Landesbank Baden-Wuerttemberg - LBBW 7,240.75 39 2.96%
4 HSBC 6,619.34 35 2.71%
5 BNP Paribas 6,523.33 29 2.67%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 23 May 2016
1 JPMorgan 39,659.71 180 6.61%
2 Goldman Sachs 38,742.30 164 6.45%
3 Citi 37,218.70 179 6.20%
4 HSBC 35,655.89 132 5.94%
5 Morgan Stanley 35,382.64 130 5.89%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 May 2016
1 Goldman Sachs 14,248.87 43 4.75%
2 BNP Paribas 10,916.04 34 3.64%
3 HSBC 10,011.45 40 3.34%
4 SG Corporate & Investment Banking 8,827.87 31 2.94%
5 Credit Suisse 8,704.79 21 2.90%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 24 May 2016
1 Credit Agricole CIB 6,607.09 23 9.15%
2 UBS 5,506.43 18 7.63%
3 Landesbank Baden-Wuerttemberg - LBBW 4,972.85 18 6.89%
4 BNP Paribas 4,893.74 17 6.78%
5 Deutsche Bank 3,894.43 13 5.39%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 24 May 2016
1 BNP Paribas 4,111.15 7 6.60%
2 UBS 3,176.99 11 5.10%
3 Barclays 2,454.68 7 3.94%
4 HSBC 2,293.14 11 3.68%
5 Deutsche Bank 1,725.52 7 2.77%