European banks get ahead of the Kirb with boost to NPL shifting

The European Banking Authority (EBA) has published draft regulation allowing banks to use internal credit risk models for the Securitisation Internal Ratings-Based Approach (SEC-IRBA) when investing in securitization positions, and have included a provision to help banks shift NPLs.

  • By Tom Brown
  • 11 Apr 2019
The provisions, which were first outlined in June 2018, describe the calculation of capital requirements for securitized exposures (KIRB) and include a provision which allows these exposures to qualify as ‘purchased receivables’ — effectively portfolios originated by ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,859.27 98 11.48%
2 JPMorgan 25,558.51 72 9.51%
3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%