Andrew South, credit analyst at S&P, said that securitizations in which the originator holds most of the risk through the CDO equity piece may prove doubly appealing. "Not only will banks benefit from lower but still significant capital relief under Basel II, but, since the equity piece is not rated, the associated capital charge would not be affected by future volatility in the portfolio's credit quality."
Promoted By CGIF
Promoted By Commerzbank
Want full access to GlobalCapital?
If you are new to GlobalCapital or you already subscribe to some of our channels you can still easily extend your access.
Take a trial to the entire site or subscribe online to see all our capital markets news, opinion and data sets.
Don't miss out!Free trial
Read the magazine on your mobile device
Most Viewed: Securitization
|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|
Bookrunners of Global Structured Finance
|Rank||Lead Manager||Amount $m||No of issues||Share %|
|2||Bank of America Merrill Lynch||99,988.41||288||10.70%|
|3||Wells Fargo Securities||88,516.28||265||9.47%|