Revised proposals by the Basel Committee on Banking Supervision are seen as taking a softer stance on derivatives but not on trade finance. Dan Taylor, president of BAFT-IFSA, a trade group, said, “From what we can tell so far, on the specific trade issue, I don’t see that they’ve made any change at all.” As originally issued the so-called Basel III capital requirements would affect up to 90% of the $12 trillion trade-finance market, making such loans hard to come by and more expensive.
Promoted By CGIF
Promoted By Commerzbank
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|Rank||Lead Manager/Arranger||Total Volume $m||No. of Deals||Share % by Volume|
|1||Bank of America Merrill Lynch (BAML)||7,026||25||11.95|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||104,269.08||299||11.02%|
|3||Wells Fargo Securities||88,761.07||266||9.38%|