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 211,499.45 609 10.79%
2 Bank of America Merrill Lynch 204,760.17 626 10.45%
3 Wells Fargo Securities 109,225.02 421 5.57%
4 Citi 105,889.22 346 5.40%
5 Mitsubishi UFJ Financial Group 90,484.26 528 4.62%

Bookrunners of Middle East and Africa Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 3,254.08 7 8.82%
2 JPMorgan 2,930.58 6 7.94%
3 Standard Chartered Bank 2,826.60 7 7.66%
4 Mizuho 2,550.67 5 6.91%
5 HSBC 2,341.67 5 6.35%

Bookrunners of European Leveraged Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 8,501.88 31 6.60%
2 Credit Agricole CIB 8,292.28 33 6.44%
3 Goldman Sachs 7,228.76 27 5.62%
4 Deutsche Bank 7,200.78 24 5.59%
5 Barclays 7,017.16 23 5.45%

Bookrunners of European Marketed Syndicated Loans

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,912.55 42 8.65%
2 Citi 19,639.79 51 5.88%
3 SG Corporate & Investment Banking 18,198.32 63 5.45%
4 Credit Agricole CIB 17,193.43 72 5.15%
5 BNP Paribas 16,639.66 78 4.98%

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%