EU states still cannot agree on TLAC and MREL rules

EU member states will try to reach agreement next Friday on a series of draft reforms unveiled in 2016, which aim to enshrine international standards such as the total loss-absorbing capacity (TLAC) requirements and the leverage ratio into EU law.

  • By Jean Comte
  • 17 May 2018

A great deal of work has been done at a technical level, but the 28 EU member states have so far proved unable to bridge their differences on the draft text.

The last attempt to reach an agreement, in March, proved inconclusive.

According to a ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 8,539.81 48 5.60%
2 UniCredit 8,425.45 50 5.52%
3 Natixis 8,089.32 38 5.30%
4 LBBW 7,986.15 46 5.23%
5 Credit Suisse 7,360.16 38 4.82%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 52,618.66 188 6.74%
2 JPMorgan 50,853.66 203 6.51%
3 Citi 47,224.49 241 6.05%
4 Goldman Sachs 43,875.83 337 5.62%
5 Morgan Stanley 42,506.23 223 5.44%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 43,104.00 156 11.03%
2 JPMorgan 42,492.21 146 10.88%
3 Citi 39,049.99 192 10.00%
4 Goldman Sachs 35,815.39 302 9.17%
5 Morgan Stanley 33,365.56 178 8.54%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,511.67 24 8.20%
2 UniCredit 5,364.43 20 6.75%
3 LBBW 4,811.97 20 6.06%
4 SG Corporate & Investment Banking 4,456.32 19 5.61%
5 Deutsche Bank 4,411.19 14 5.55%

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
  • Today
1 HSBC 4,729.28 11 12.78%
2 UBS 3,374.07 13 9.12%
3 BNP Paribas 2,704.23 11 7.31%
4 Credit Agricole CIB 2,458.47 6 6.64%
5 SG Corporate & Investment Banking 2,263.58 10 6.12%