LMA slams EU rule proposal on loan sales to non-banks

A new proposed European Parliament and Council directive aimed at non-EU lenders and non-bank institutions will cause “significant uncertainty and disruption” to the primary and secondary syndicated loan markets, the Loan Market Association has warned.

  • By Mike Turner
  • 11 Jun 2018

The new regulations would introduce stringent reporting requirements for transferring debt between banks in the European Union and non-bank financial institutions. Non-banks based outside the EU would have to appoint an EU representative.

The LMA believes this is likely to discourage lenders other than EU banks and their subsidiaries ...

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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
  • 19 Jun 2019
1 BNP Paribas 5,515.97 36 7.16%
2 Credit Agricole CIB 5,307.12 27 6.89%
3 Deutsche Bank 5,150.50 27 6.69%
4 JPMorgan 4,531.58 20 5.89%
5 Goldman Sachs 4,132.89 22 5.37%

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%