Equivalence won't do for Brexit, say banks

Three executives from global bulge bracket banks have called for more supervisory cooperation over Brexit, particularly on the side of the EU. All three expressed hopes for a Brexit deal that was more bespoke than just third country equivalence.

  • By Nell Mackenzie
  • 11 Sep 2018

Taking existing approaches like third country equivalence off the shelf would not work for financial markets operating between the EU and the UK, said three senior representatives from JP Morgan, Citi and Barclays, as they testified to the UK Parliament's Treasury Select Committee on Tuesday morning.

Because third ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 324,471.31 1258 8.12%
2 JPMorgan 316,868.31 1379 7.93%
3 Bank of America Merrill Lynch 291,884.28 1002 7.30%
4 Barclays 245,368.47 916 6.14%
5 Goldman Sachs 215,006.82 722 5.38%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 45,589.37 178 7.11%
2 JPMorgan 43,572.44 88 6.79%
3 Credit Agricole CIB 33,071.14 158 5.15%
4 UniCredit 32,917.16 149 5.13%
5 SG Corporate & Investment Banking 32,145.89 124 5.01%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 13,559.65 59 8.93%
2 Goldman Sachs 13,209.37 65 8.70%
3 Citi 9,711.73 55 6.40%
4 Morgan Stanley 8,471.86 53 5.58%
5 UBS 8,136.41 33 5.36%