Opposition To Differentiated Ratings Voiced

There was unanimous criticism of proposals for differentiated ratings during a panel discussion on the European residential mortgage-backed securitization market.

  • 02 Jun 2008

--Alex Sebastian

There was unanimous criticism of proposals for differentiated ratings during a panel discussion on the European residential mortgage-backed securitization market. Despite Michel Prada’s earlier keynote speech in which he reaffirmed International Organisation of Securities Commissions desire for fundamental changes in the way CRA’s deal with structured finance ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 81,261.11 236 11.54%
2 Bank of America Merrill Lynch 66,433.81 187 9.43%
3 Wells Fargo Securities 57,637.40 170 8.18%
4 JPMorgan 53,570.42 158 7.61%
5 Credit Suisse 45,349.30 117 6.44%