CoCo demand in doubt, says S&P as estimates hit $1tr

Banks will likely be forced to find alternative routes away from contingent capital to meet more demanding regulatory requirements, said Standard & Poor’s this week.

  • 10 Dec 2010

The rating agency estimated that banks might have to raise at least $1tr of new Basel III-compliant hybrids in the next five to 10 years in order to replace legacy hybrids and meet other regulatory requirements.

"In our view, banks could end up having to find alternative routes to ...

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 3,560.56 18 6.61%
2 Natixis 3,356.46 14 6.23%
3 Credit Suisse 2,767.40 14 5.14%
4 UBS 2,689.30 14 4.99%
5 LBBW 2,680.25 13 4.97%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Morgan Stanley 15,879.71 54 6.91%
2 Bank of America Merrill Lynch 15,775.66 42 6.87%
3 Goldman Sachs 15,764.67 66 6.86%
4 JPMorgan 15,640.16 50 6.81%
5 Citi 13,763.10 58 5.99%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 14,692.00 58 10.85%
2 Bank of America Merrill Lynch 14,450.46 36 10.67%
3 JPMorgan 13,926.70 37 10.29%
4 Morgan Stanley 13,389.81 42 9.89%
5 Citi 12,466.23 46 9.21%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Natixis 3,073.07 11 9.75%
2 UniCredit 2,350.27 9 7.46%
3 SG Corporate & Investment Banking 2,239.57 9 7.11%
4 UBS 2,070.46 8 6.57%
5 Deutsche Bank 2,015.15 7 6.39%

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 2,355.83 6 22.77%
2 Credit Agricole CIB 2,031.40 2 19.63%
3 SG Corporate & Investment Banking 1,393.62 3 13.47%
4 Barclays 505.57 3 4.89%
5 JPMorgan 490.48 3 4.74%