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NIB boss tells industry ‘stop whining’ over MiFID at ICMA gathering

Complaining about MiFID is par for the course at industry gatherings. But Henrik Normann, president and CEO of the Nordic Investment Bank, told attendees at the 2019 conference of the International Capital Markets Association that the regulatory regime was only there “because the industry has failed”.

  • By Jasper Cox
  • 16 May 2019

“You have to ask yourself: why do we have MiFID II?,” he said. “Nobody is happy about it. But that’s because the industry has failed. ISMA [ICMA’s forerunner], now ICMA, has failed in self-regulation. We have had Libor scandals, we have had mis-selling, you can go on.”

“We ...

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Bond Comments

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 294,431.58 1323 8.57%
2 Citi 267,175.53 1124 7.78%
3 Bank of America Merrill Lynch 229,132.49 937 6.67%
4 Barclays 211,780.31 853 6.16%
5 Goldman Sachs 169,480.13 704 4.93%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 BNP Paribas 34,500.40 147 7.53%
2 Credit Agricole CIB 33,521.86 144 7.31%
3 JPMorgan 25,404.62 68 5.54%
4 Bank of America Merrill Lynch 23,368.44 65 5.10%
5 SG Corporate & Investment Banking 22,509.71 104 4.91%

Bookrunners of all EMEA ECM Issuance

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1 JPMorgan 9,157.42 55 10.33%
2 Morgan Stanley 8,122.33 40 9.16%
3 Goldman Sachs 7,432.91 40 8.38%
4 Citi 6,426.54 47 7.25%
5 UBS 4,913.18 26 5.54%