ABS begs for ECB to exit

The structured product market is booming, with rampant investor demand leading to record-breaking tights in asset classes such as auto ABS. This has sparked fresh calls for the European Central Bank (ECB) to stop buying up paper in the market, writes Sam Kerr.

  • By Sam Kerr
  • 15 Jun 2017

Now with the US Federal Reserve declaring that it will start trimming its balance sheet later this year, market participants are urging ECB president Mario Draghi to rein in the central bank’s activity in the ABS market.

For some time, there has been a belief within markets that ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 119,693.92 344 12.91%
2 Bank of America Merrill Lynch 99,935.46 287 10.78%
3 Wells Fargo Securities 88,155.55 263 9.51%
4 JPMorgan 69,113.88 208 7.46%
5 Credit Suisse 51,260.05 154 5.53%