FSA plans to withdraw from structured finance market

Monoline insurer Financial Security Assurance is to pull out of the structured finance market.

  • 08 Aug 2008

FSA made the announcement while posting a net loss of $330.5m for the quarter, mainly as a result of $1bn of impairment charges on its financial products portfolio and $600m of loss expenses on its guarantees of second lien RMBS.

At the same time, its parent company Dexia ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 32,618.79 103 11.88%
2 JPMorgan 25,662.81 73 9.35%
3 Wells Fargo Securities 24,627.51 67 8.97%
4 Bank of America Merrill Lynch 23,023.30 73 8.39%
5 Barclays 17,051.25 56 6.21%