Revised Basel Proposals Still Seen Hurting Trade Finance

Revised proposals by the Basel Committee on Banking Supervision are seen as taking a softer stance on derivatives but not on trade finance.

  • 16 Aug 2010
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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.

Click here to read the story from Reuters.

  • 16 Aug 2010

GlobalCapital European securitization league table

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
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%