EC shoehorns STS into Solvency II, lowering capital charges for insurers

An announcement on Friday by the European Commission (EC) states that ‘new rules’ have been adopted to stimulate insurance company demand for 'simple, transparent and standardised' (STS) securitizations.

  • By Asad Ali
  • 04 Jun 2018
The European Commission previously stated its desire to broaden the universe of investment opportunities for insurance companies, especially in a low rate environment, and sees the STS label as a new asset class for them to consider, boosting choice and investment yield and contributing to the creation of ...

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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) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 10,727.09 36 12.76%
2 Barclays 8,051.97 24 9.58%
3 Bank of America Merrill Lynch 7,814.11 25 9.30%
4 JPMorgan 7,477.76 27 8.90%
5 Wells Fargo Securities 6,648.29 26 7.91%