EU lawmakers to negotiate pension fund clearing exemption

European member states and the EU Parliament will soon begin difficult talks to decide the length of an additional clearing exemption for pension funds.

  • By Jean Comte
  • 13 Jun 2018

The exemption, which has existed since 2012, allows pension scheme arrangements (PSAs) and clearing houses to find “technical solutions” to a perceived mismatch: that clearing houses want collateral in the form of cash, but pension funds mostly hold government bonds. 

The exemption has been extended several times, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 194,259.13 750 8.03%
2 JPMorgan 183,078.62 813 7.56%
3 Bank of America Merrill Lynch 179,372.61 590 7.41%
4 Barclays 157,543.89 544 6.51%
5 HSBC 135,047.13 619 5.58%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 28,912.55 42 8.07%
2 BNP Paribas 23,481.31 80 6.55%
3 Citi 20,008.20 53 5.58%
4 Credit Agricole CIB 18,329.82 76 5.11%
5 SG Corporate & Investment Banking 18,198.32 63 5.08%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 9,131.78 41 8.97%
2 JPMorgan 8,709.42 37 8.55%
3 Citi 7,537.45 40 7.40%
4 UBS 5,926.29 19 5.82%
5 Deutsche Bank 5,145.17 32 5.05%