Risk assessment took back seat at RBS levfin, says FSA

The FSA’s report on the failure of the Royal Bank of Scotland has underlined the role played by the bank’s leveraged finance business, which it decided to expand in June 2006. RBS made mark-to-market losses of £287m on its leveraged finance portfolio in 2007 and £1.088 in 2008, the report said.

  • 16 Dec 2011

RBS’s timing could not have been worse, it would appear, and "the high level of losses was a direct result of the increased portfolio generated in the first half of 2007".

The report highlights the limited consideration given to distribution risk by the RBS Board when it decided to ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access: mark.goodes@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Citi 10.72
2 Bank of America Merrill Lynch (BAML) 10.66
3 Credit Suisse 6.45
4 Lloyds Bank 6.42
5 JP Morgan 6.35

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 SG Corporate & Investment Banking 1,260.06 2 126,006,164,037.19%
2 Rabobank 1,081.86 1 108,185,922,974.77%
3 Wells Fargo Securities 430.57 1 43,057,020,785.00%
4 SK Securities 192.86 1 19,286,162,593.99%
4 Meritz Financial Group Inc 192.86 1 19,286,162,593.99%