SEC grapples with rating removal

The SEC’s attempts to remove credit ratings from its rules — as required by the Dodd-Frank legislation — took a tentative step forward on Wednesday, as the US regulator issued a consultation on how ABS special purpose vehicles should be treated. But the consultation underlines the challenges it faces in removing ratings, and the way in which it is having to respond to the changes being imposed on it by Dodd-Frank.

  • 02 Sep 2011
Rather than proposing a definite rule or suitable alternative framework, the SEC is asking for suggestions of how the text of any rule should read and to explain fully the rationale behind those suggestions. The process is a departure from the typical regulatory process of conducting consultations on ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 5,126.88 21 7.35%
2 Barclays 4,041.33 20 5.80%
3 UniCredit 3,808.25 29 5.46%
4 LBBW 3,782.72 20 5.43%
5 Natixis 3,503.93 14 5.03%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 13,939.84 53 7.80%
2 JPMorgan 11,855.23 47 6.63%
3 Morgan Stanley 11,637.49 51 6.51%
4 Goldman Sachs 10,374.17 68 5.81%
5 BNP Paribas 9,934.53 26 5.56%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 11,039.01 40 11.78%
2 Citi 9,985.39 41 10.66%
3 Morgan Stanley 9,906.48 39 10.57%
4 Goldman Sachs 9,516.07 61 10.16%
5 Bank of America Merrill Lynch 8,526.90 27 9.10%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,106.36 10 7.25%
2 HSBC 3,089.99 10 7.21%
3 Barclays 2,870.45 11 6.70%
4 LBBW 2,867.95 11 6.69%
5 Credit Agricole CIB 2,698.01 10 6.30%

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 UBS 2,550.05 5 27.51%
2 HSBC 984.09 6 10.62%
3 Santander 660.14 4 7.12%
4 Deutsche Bank 511.09 4 5.51%
5 Credit Agricole CIB 459.09 3 4.95%