Investors Sidelined By 122a Uncertainty

Continued uncertainty over the European Commission’s Capital Requirements Directive amendments, which industry professionals say will place costly and time-consuming compliance burdens on investors in securitizations, is keeping many buyside firms on the sidelines.

  • 29 Sep 2010

—Hugh Leask

Continued uncertainty over the European Commission’s Capital Requirements Directive amendments, which industry professionals say will place costly and time-consuming compliance burdens on investors in securitizations, is keeping many buyside firms on the sidelines.

Article 122a of the CRD, which applies to all securitizations from Jan. 1, will ...

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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 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 95,847.77 272 11.13%
2 Bank of America Merrill Lynch 80,029.51 227 9.30%
3 JPMorgan 72,172.60 208 8.38%
4 Wells Fargo Securities 69,859.54 198 8.12%
5 Credit Suisse 58,056.32 149 6.74%