Loan market KYC checks ‘drastically’ reduced

The syndicated loan market could see the amount of Know Your Customer (KYC) checks cut down “drastically” in some areas of the deal process, after the UK money laundering prevention trade body published a Loan Market Association-drafted update to its guidance on the topic.

  • By Michael Turner
  • 23 May 2018
Guidance from the Joint Money Laundering Steering Group (JMLSG), a trade body made up of the leading UK trade associations in the financial services industry, on syndicated loans has been amended so that lenders within a syndicate no longer have to perform full KYC checks for money laundering ...

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Global Syndicated Loan Volume

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 174,352.45 458 11.17%
2 Bank of America Merrill Lynch 167,834.96 518 10.76%
3 Citi 97,398.31 289 6.24%
4 Wells Fargo Securities 90,016.42 335 5.77%
5 Mizuho 72,180.02 332 4.63%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Standard Chartered Bank 2,711.00 8 10.80%
2 First Abu Dhabi Bank 2,481.46 9 9.89%
3 Citi 1,786.67 6 7.12%
4 MUFG 1,499.82 6 5.97%
5 Sumitomo Mitsui Financial Group 1,489.50 4 5.93%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,515.97 36 7.06%
2 Credit Agricole CIB 5,307.12 27 6.79%
3 Deutsche Bank 5,150.50 27 6.59%
4 JPMorgan 4,531.58 20 5.80%
5 Goldman Sachs 4,189.40 23 5.36%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Credit Agricole CIB 21,924.17 77 8.18%
2 BNP Paribas 19,758.95 84 7.38%
3 Bank of America Merrill Lynch 17,614.25 49 6.58%
4 Deutsche Bank 12,953.29 48 4.84%
5 UniCredit 12,369.61 66 4.62%

Syndicated Loan Revenue - EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Apr 2016
1 HSBC 35.45 69 6.71%
2 BNP Paribas 31.67 78 5.99%
3 ING 31.21 74 5.90%
4 Citi 22.60 36 4.27%
5 Deutsche Bank 21.89 32 4.14%