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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
  • 16 Oct 2014
1 Natixis 12,005.07 45 7.02%
2 BNP Paribas 11,290.05 40 6.61%
3 UniCredit 11,064.68 80 6.47%
4 HSBC 8,878.71 41 5.20%
5 Commerzbank Group 8,849.25 40 5.18%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 86,857.61 303 7.25%
2 JPMorgan 83,493.98 333 6.97%
3 Goldman Sachs 73,212.50 313 6.11%
4 Deutsche Bank 72,062.68 269 6.01%
5 Morgan Stanley 70,641.32 347 5.89%

Bookrunners of Dollar Denominated Covered Bond Above $1bn

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 Citi 1,499.34 5 21.48%
2 RBC Capital Markets 1,206.44 4 17.28%
3 TD Securities Inc 977.84 3 14.01%
4 HSBC 673.33 3 9.65%
4 Bank of America Merrill Lynch 673.33 3 9.65%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Deutsche Bank 29,444.29 79 8.92%
2 BNP Paribas 20,500.26 60 6.21%
3 Goldman Sachs 20,145.91 66 6.10%
4 Barclays 19,217.29 71 5.82%
5 Citi 17,872.54 68 5.41%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Oct 2014
1 BNP Paribas 8,089.51 26 8.54%
2 Natixis 7,730.73 25 8.16%
3 UniCredit 6,347.32 23 6.70%
4 Commerzbank Group 6,095.49 20 6.43%
5 Barclays 5,463.02 17 5.76%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 1,130.25 1230 8.39%
2 Bank of America Merrill Lynch 890.02 1124 6.61%
3 Goldman Sachs 885.33 901 6.57%
4 Deutsche Bank 840.68 1141 6.24%
5 Citi 789.50 1139 5.86%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 16 Oct 2014
1 HSBC 10,466.40 20 12.00%
2 Deutsche Bank 7,370.24 22 8.45%
3 UBS 6,381.44 21 7.31%
4 BNP Paribas 5,705.15 19 6.54%
5 Bank of America Merrill Lynch 5,371.83 21 6.16%