Market Knock EC’s Investor-Pay System For Ratings

Market players panned the European Commission’s proposal for ratings agencies to charge investors instead of issuers for rating securitizations.

  • 03 Oct 2008

--Cristina Pittelli

Market players panned the European Commission’s proposal for ratings agencies to charge investors instead of issuers for rating securitizations. Participants have said the regulation, which is expected to be formally proposed next month, is not the answer, and could be detrimental to the agencies’ viability.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 15.35
2 Rabobank 14.41
3 Morgan Stanley 11.73
4 Barclays 8.99
5 Credit Agricole 7.57

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%