FSA Warns Against Securitized Life Policies

The U.K.’s Financial Services Authority has issued a warning that securitized life-insurance policies are “high risk, toxic products that are generally unsuitable for the majority of U.K. retail investors.”

  • 29 Nov 2011

The U.K.’s Financial Services Authority has issued a warning that securitized life-insurance policiesare “high risk, toxic products that are generally unsuitable for the majority of U.K. retail investors.” These traded life policy investments (TLPI) generally invest in U.S. life insurance policies.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Aug 2018
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%