New EU Guidelines Cast Shadow On Fiscal Claims Securitizations

New guidelines issued by the European Union’s statistics office will make it increasingly unattractive for EU member governments to securitize fiscal claims.

  • 29 Jun 2007

—Hugh Leask

New guidelines issued by the European Union’s statistics office will make it increasingly unattractive for EU member governments to securitize fiscal claims. Eurostat has said those securitizations backed by receivables owed to governments—such as uncollected taxes, healthcare receivables and other public assets—should be regarded as government borrowing ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 120,318.45 348 12.72%
2 Bank of America Merrill Lynch 104,269.08 299 11.02%
3 Wells Fargo Securities 88,761.07 266 9.38%
4 JPMorgan 69,240.12 209 7.32%
5 Credit Suisse 51,560.77 157 5.45%