NPL trading directive on hold until after EU elections

The European Parliament decided this week to cancel a vote on the draft text for a directive that would boost the secondary market for non-performing loans. Final negotiations with member states are now unlikely to start before September.

  • By Jean Comte
  • 10 Apr 2019

Work in the Parliament on the directive is on hold until after the Parliamentary elections in May, and will start again in the summer with newly elected members.

The vote was supposed to happen on April 1. But it was cancelled a first time, amid doubts about the strength of ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,779 12 18.72
2 Morgan Stanley 2,420 6 11.99
3 Goldman Sachs 2,096 5 10.39
4 BNP Paribas 2,058 7 10.20
5 Barclays 1,565 4 7.75

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 50,836.16 165 10.60%
2 JPMorgan 43,849.74 130 9.15%
3 Wells Fargo Securities 37,970.87 112 7.92%
4 Bank of America Merrill Lynch 36,089.91 118 7.53%
5 Credit Suisse 31,628.23 101 6.60%