Depositor preference disparity could lead to contagion

The European Commission’s discussion paper on bail-in threw out one unexpected suggestion: that national deposit guarantee schemes (DGSs) could suffer losses under bail-in while the actual depositors they protect would be protected. Bankers said it ran counter to suggestions made last year by the UK’s Independent Commission on Banking which warned against such a move.

  • 05 Apr 2012
The EC said in Friday’s paper that guaranteed deposits should not suffer losses in bail-in, but that the deposit guarantee scheme that covers them should be "liable, up to the covered amount, for the amount by which the write-down and conversion would have been applied... as if those ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 10,728.85 61 5.34%
2 UniCredit 10,041.71 74 5.00%
3 LBBW 9,752.95 65 4.85%
4 Natixis 9,399.97 49 4.68%
5 Commerzbank Group 9,317.67 57 4.64%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 74,275.20 309 6.45%
2 Bank of America Merrill Lynch 71,688.10 265 6.23%
3 Citi 70,268.02 350 6.10%
4 Goldman Sachs 65,241.22 525 5.67%
5 HSBC 61,420.90 277 5.33%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 60,985.86 215 11.02%
2 Bank of America Merrill Lynch 59,969.47 219 10.84%
3 Citi 55,716.51 263 10.07%
4 Goldman Sachs 49,225.99 464 8.89%
5 Morgan Stanley 45,917.96 255 8.30%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 6,934.65 26 7.16%
2 Commerzbank Group 5,647.34 22 5.83%
3 SG Corporate & Investment Banking 5,470.19 24 5.65%
4 UniCredit 5,468.87 22 5.64%
5 Deutsche Bank 5,233.70 17 5.40%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • Today
1 HSBC 7,022.22 19 12.74%
2 Barclays 4,410.61 16 8.00%
3 Credit Suisse 4,278.10 14 7.76%
4 BNP Paribas 3,808.41 16 6.91%
5 UBS 3,802.05 17 6.90%