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 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,859.27 98 11.48%
2 JPMorgan 25,558.51 72 9.51%
3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%