EBA rejects capital proposition for deferred tax

The European Banking Authority was asked if a bank could boost its capital ratio by insuring against the possibility of its deferred tax assets (DTAs) not converting into tax credits. The EBA said no.

  • By Jasper Cox
  • 25 Mar 2019

The EBA published its decision on Friday in response to a question that was submitted back in September.

The question related to an institution with DTAs qualifying for a 100% risk weighting.

The institution planned to enter into a risk mitigation agreement covering the risk of the ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,931.77 33 6.20%
2 LBBW 6,617.58 37 5.92%
3 UniCredit 6,316.04 54 5.65%
4 Natixis 5,053.55 24 4.52%
5 Barclays 4,929.54 27 4.41%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 35,600.89 166 6.97%
2 Bank of America Merrill Lynch 32,632.36 129 6.39%
3 JPMorgan 31,763.70 148 6.22%
4 Morgan Stanley 24,368.78 129 4.77%
5 Goldman Sachs 19,750.77 186 3.87%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 28,638.78 104 12.08%
2 Citi 27,548.82 130 11.62%
3 JPMorgan 25,397.86 116 10.71%
4 Morgan Stanley 18,293.95 91 7.72%
5 Goldman Sachs 15,513.30 161 6.54%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 4,463.09 17 7.40%
2 Natixis 4,178.19 15 6.93%
3 HSBC 3,974.99 14 6.59%
4 Credit Agricole CIB 3,965.56 16 6.58%
5 Deutsche Bank 3,304.65 12 5.48%

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 Credit Agricole CIB 3,425.91 10 11.43%
2 UBS 3,334.58 12 11.13%
3 Barclays 3,229.69 10 10.78%
4 BNP Paribas 2,554.19 12 8.52%
5 HSBC 1,877.94 13 6.27%