Bail-ins to boost secured funding, says Moody’s

ABS and covered bonds will grow in importance in 2011, as bail-in laws and constrained demand for senior unsecured bank debt push banks into secured funding, according to Moody’s.

  • 21 Dec 2010
“Some governments’ plans to impose losses on unsecured debt holders in future sovereign (and possibly also bank) rescues has raised market uncertainty,” the agency said in its ABS and RMBS Outlook for 2011 published on Monday. “As a result, banks seek alternatives like secured funding (meaning structured finance ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 6,931.77 33 6.20%
2 LBBW 6,617.58 37 5.92%
3 UniCredit 6,316.04 54 5.65%
4 Natixis 5,053.55 24 4.52%
5 Barclays 4,929.54 27 4.41%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 35,600.89 166 6.97%
2 Bank of America Merrill Lynch 32,632.36 129 6.39%
3 JPMorgan 31,763.70 148 6.22%
4 Morgan Stanley 24,368.78 129 4.77%
5 Goldman Sachs 19,750.77 186 3.87%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 28,638.78 104 12.08%
2 Citi 27,548.82 130 11.62%
3 JPMorgan 25,397.86 116 10.71%
4 Morgan Stanley 18,293.95 91 7.72%
5 Goldman Sachs 15,513.30 161 6.54%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 LBBW 4,463.09 17 7.40%
2 Natixis 4,178.19 15 6.93%
3 HSBC 3,974.99 14 6.59%
4 Credit Agricole CIB 3,965.56 16 6.58%
5 Deutsche Bank 3,304.65 12 5.48%

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 11.43%
2 UBS 3,334.58 12 11.13%
3 Barclays 3,229.69 10 10.78%
4 BNP Paribas 2,554.19 12 8.52%
5 HSBC 1,877.94 13 6.27%