EC wants Solvency II securitisation rethink

The European Commission is calling for a rethink of how much capital insurers must hold against securitisations under Solvency II, giving a glimmer of hope that the requirements that have dissuaded insurers from buying ABS may be relaxed.

  • 05 Oct 2012
The EC has asked the European Insurance and Occupational Pensions Authority (EIOPA) to look into whether Solvency II’s capital charges for long-term finance, including securitisations, need to be adjusted. The Solvency II draft has pushed insurers to look at whole loans for exposure to the residential and commercial ...

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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 15,256 32 16.83
2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 RBC Capital Markets 251.51 1 25.00%
1 MUFG 251.51 1 25.00%
1 Credit Agricole CIB 251.51 1 25.00%
1 Bank of America Merrill Lynch 251.51 1 25.00%
Subtotal 1,006.02 1 100.00%