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 12,298.38 63 6.25%
2 UniCredit 9,672.56 77 4.92%
3 BNP Paribas 9,051.42 45 4.60%
4 Commerzbank Group 8,371.43 55 4.26%
5 LBBW 8,276.69 51 4.21%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 105,332.04 444 6.81%
2 Citi 98,753.16 574 6.38%
3 Goldman Sachs 95,690.92 534 6.19%
4 Bank of America Merrill Lynch 93,305.61 406 6.03%
5 JPMorgan 88,684.81 426 5.73%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 84,268.08 442 10.76%
2 Bank of America Merrill Lynch 75,402.72 347 9.63%
3 Morgan Stanley 74,189.20 329 9.47%
4 JPMorgan 74,072.86 330 9.46%
5 Goldman Sachs 73,768.89 452 9.42%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 BNP Paribas 5,645.35 19 6.27%
2 Credit Agricole CIB 5,608.30 21 6.23%
3 LBBW 5,605.63 20 6.23%
4 SG Corporate & Investment Banking 5,543.24 22 6.16%
5 Commerzbank Group 4,949.16 20 5.50%

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 Barclays 9,461.63 27 12.16%
2 HSBC 9,214.48 38 11.84%
3 BNP Paribas 6,278.15 28 8.07%
4 Citi 4,542.03 36 5.84%
5 Credit Suisse 4,325.15 22 5.56%