U.K. Authority Launches Securitization Covenant Inquiry

The U.K.’s Financial Services Authority plans to put securitization covenants under the microscope to see if they affect home repossession rates.

  • 10 Aug 2009

-- Daniel O’Leary

The U.K.’s Financial Services Authority plans to put securitization covenants under the microscope to see if they affect home repossession rates. During a sweeping review of mortgage regulation, the authority will investigate if securitization covenants prompt quicker bank foreclosures on properties. A spokeswoman with the FSA ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
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1 Citi 20,542.69 67 10.85%
2 JPMorgan 18,820.53 50 9.94%
3 Bank of America Merrill Lynch 17,976.22 56 9.49%
4 Wells Fargo Securities 16,568.24 48 8.75%
5 Barclays 13,499.53 45 7.13%