UK banks respond on Cocos, bail-ins and capital

The UK’s biggest banks have opposed suggestions by the Independent Commission on Banking that they be required to hold more capital than Basel III requires. Responses to the commission’s April paper have shown more nuanced attitudes towards Cocos and bail-ins, however, with Barclays in favour of Cocos, and HSBC and Royal Bank of Scotland more cautious.

  • 15 Jul 2011
The ICB on Wednesday published non-confidential responses to the interim report. Among responses from the large banks, consensus was that the UK should not introduce capital requirements above what Basel III requires. They cited concerns about the resulting cost of lending and the impact of that on economic ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 UniCredit 8,193.67 66 6.50%
2 HSBC 7,294.00 37 5.79%
3 LBBW 6,988.86 39 5.55%
4 Natixis 5,749.17 27 4.56%
5 Barclays 5,557.78 30 4.41%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 41,447.11 199 6.91%
2 Bank of America Merrill Lynch 38,563.61 156 6.43%
3 JPMorgan 36,010.73 172 6.00%
4 Morgan Stanley 26,869.51 149 4.48%
5 HSBC 25,475.20 147 4.25%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 32,701.14 156 11.96%
2 Bank of America Merrill Lynch 31,706.88 129 11.60%
3 JPMorgan 29,082.99 133 10.64%
4 Morgan Stanley 19,776.50 105 7.23%
5 Goldman Sachs 16,708.90 173 6.11%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 4,741.33 18 6.99%
2 Natixis 4,734.75 17 6.98%
3 Credit Agricole CIB 4,174.25 17 6.16%
4 UniCredit 4,163.16 19 6.14%
5 HSBC 3,974.99 14 5.86%

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 Credit Agricole CIB 3,425.91 10 11.23%
2 UBS 3,334.58 12 10.93%
3 Barclays 3,229.69 10 10.59%
4 BNP Paribas 2,554.19 12 8.37%
5 HSBC 1,877.94 13 6.16%