BoE adds systemic risk buffer into higher hurdle rates for 2018 stress test

The Bank of England has clarified how it will set hurdle rates for banks in its 2018 stress test, featuring systemic risk buffers for the first time and changing the way in which Pillar 2 requirements are calculated through the duration of the exercise.

  • By Tyler Davies
  • 12 Jul 2018

The UK banking supervisor had said in March that it would update its approach to setting hurdle rates in its annual cyclical stress test scenario for 2018.

But the Bank provided further clarification on what this would mean for UK banks in a statement published on ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 9,646.84 53 5.52%
2 UniCredit 9,032.72 58 5.17%
3 LBBW 8,460.29 51 4.84%
4 Natixis 8,380.29 41 4.79%
5 Commerzbank Group 7,808.11 45 4.47%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 54,138.28 200 6.36%
2 JPMorgan 52,700.20 217 6.19%
3 Citi 49,371.11 257 5.80%
4 Goldman Sachs 47,685.69 398 5.60%
5 Morgan Stanley 45,485.97 244 5.34%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 44,405.37 166 10.90%
2 JPMorgan 43,387.18 154 10.65%
3 Citi 40,278.63 202 9.89%
4 Goldman Sachs 38,033.04 355 9.34%
5 Morgan Stanley 34,608.53 187 8.50%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,511.67 24 7.33%
2 UniCredit 5,302.66 21 5.97%
3 Deutsche Bank 5,002.94 16 5.64%
4 LBBW 4,811.97 20 5.42%
5 Commerzbank Group 4,809.31 18 5.42%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 HSBC 4,729.28 11 11.92%
2 UBS 3,374.07 13 8.50%
3 BNP Paribas 2,704.23 11 6.81%
4 Credit Agricole CIB 2,458.47 6 6.20%
5 Credit Suisse 2,352.50 10 5.93%