Roll up, roll up! PCS label open for business

ABS issuers can start applying for Prime Collateralised Securities labels for new deals, after the initiative’s rule book was published and nine high level board members were named on Wednesday.

  • 14 Nov 2012

The PCS initiative provides a quality label indicating a deal’s compliance with best practice. The market hopes that it will boost investor confidence in securitisations and improve liquidity, as well as help regulators identify high quality ABS, resulting in better regulatory treatment.

 
 
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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 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 117,520.50 339 11.05%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%