Retention Still Drives Euro RMBS

The retention of U.K. and European residential mortgage-backed securities for use as collateral in repurchase agreements with the European Central Bank continues unabated, according to analysts at JPMorgan.

  • 28 Jul 2009

-- Daniel O’Leary

The retention of U.K. and European residential mortgage-backed securities for use as collateral in repurchase agreements with the European Central Bank continues unabated, according to analysts at JPMorgan. The trend runs counter to market participants’ predictions that shrinking spreads will make accessing the U.K. government’s RMBS ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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1 Citi 117,398.62 338 11.04%
2 Bank of America Merrill Lynch 94,721.79 272 8.91%
3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%