CDS ‘Big Bang’ goes live but cuspy credits cause confusion

The April 7 deadline for signing up to the Big Bang protocol for the credit default swaps market ended with a sudden rush of applicants — and accusations, rejected by the industry, that it offers little real change.

  • 09 Apr 2009

Although at the Tuesday close 2,086 institutions had agreed to abide to the terms of the protocol, there was still disagreement whether Big Bang was window dressing to appease regulators or substantive change marking a more organised, purposeful future for the industry.

Bob Pickel, chief executive of the International ...

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 239,928.76 921 8.16%
2 JPMorgan 222,471.63 995 7.57%
3 Bank of America Merrill Lynch 215,931.77 721 7.34%
4 Barclays 184,694.55 670 6.28%
5 Goldman Sachs 158,679.40 515 5.40%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
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1 JPMorgan 32,522.19 61 6.59%
2 BNP Paribas 32,284.10 130 6.54%
3 UniCredit 26,992.47 123 5.47%
4 SG Corporate & Investment Banking 26,569.73 97 5.38%
5 Credit Agricole CIB 23,807.36 111 4.82%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 10,167.68 46 8.82%
2 JPMorgan 9,894.90 42 8.58%
3 Citi 8,202.25 45 7.11%
4 UBS 6,098.17 23 5.29%
5 Credit Suisse 5,236.02 28 4.54%