Colorado true lender case threatens marketplace ABS trusts

A Colorado state court ruled earlier this month that marketplace loan ABS trusts that purchase loans originated to customers in the state are subject to local consumer credit laws, raising the potential for lawsuits if loans were originated via partner banks outside of the jurisdiction.

  • By Jennifer Kang
  • 24 Apr 2019
“If you are a securitization trust, you may be forced to have to go hire a counsel to defend yourself if you buy a marketplace receivables,” said Scott Cammarn, co-chair of the financial services group and partner at Cadwalader. “No one would have expected to have to hire ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,691 11 20.70
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 40,734.72 129 10.87%
2 JPMorgan 33,785.84 96 9.02%
3 Wells Fargo Securities 31,464.27 90 8.40%
4 Bank of America Merrill Lynch 29,270.38 93 7.81%
5 Credit Suisse 23,189.41 72 6.19%