The FIG Idea

 
  
 
  • The FIG Idea: Runners and Riders for the Basel Race

    The FIG Idea studies the form for bank capital's most important competition of the year — set to run this October (or perhaps not).

    • 25 Sep 2017
  • The FIG Idea: assume the recovery position

    When Banco Popular lost the market's confidence, it ran out of road. Realistic assumptions for recovery rates on bad assets plunged to super-conservative levels. Confidence is the greatest form of solvency, its withdrawal a precursor to insolvency.

    • 22 Jun 2017
  • Close encounters with a third kind (of capital)

    Soon, banks will have more TLAC and MREL than equity. The new bond classes are a immensely important part of the financial structure of a bank, but the risks to investors aren’t yet clear. Just how will this alien new instrument class behave — or misbehave?

    • 01 Jun 2017
  • The FIG Idea: Dear Santa

    What's on a bank CFO's Christmas list

    • 15 Dec 2016
  • The FIG Idea: stress to impress

    On the surface, stress tests seem arcane and disconnected from reality. Perhaps they are, but they’re an increasingly important tool for bank regulators around the world.

    • 01 Dec 2016
  • The FIG Idea: Five ways equity analysts could do better

    Bank stocks are up 50% from their 2009 lows, but down 30% since a year ago and down 70% from their all-time highs in early 2007. Many equity investors from a decade ago lost their shirt in the banks sector. They can blame macroeconomic shifts for some of this price volatility. But a lot of it is because "the market" doesn't do a great job valuing bank stocks.

    • 29 Jun 2016
  • The FIG Idea: Capital Chaos

    Today’s capital regime for banks is the result of compromise and incrementalism. Hardly a surprise, but the result is unworkable. CFA-qualified, brain-on-a-stick analysts will breeze through a series of 3D Sudoku puzzles, yet struggle to understand the capital situation of a bank.

    • 05 May 2016
  • The FIG Idea: Banging tech? No

    Banks are doing whatever they can to attract some tech company glamour. JP Morgan's CFO Marianne Lake claimed the bank was a tech firm at its investor day on Tuesday. Lloyd Blankfein has made the same claim for Goldman Sachs. Now every self-respecting bulge bracket firm has an in-house incubator — even Commerzbank has a couple. Banks are desperate to inject some Silicon Valley sparkle.

    • 24 Feb 2016
  • Banks and the state: insufferable but inseparable

    We entrust our precious working capital to banks; they finance our dreams and provide revolving credit to get us through our nightmares.

    • 06 Jan 2016
  • The FIG Idea: It’s banking, but not as we know it

    Love it or hate it, banking is here to stay. But banks in their current incarnation are clearly not. The banking industry is undergoing a radical overhaul, driven by powerful intrinsic and extrinsic factors.

    • 23 Jul 2015

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All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 415,838.72 1590 9.03%
2 JPMorgan 379,647.36 1732 8.25%
3 Bank of America Merrill Lynch 359,324.90 1302 7.81%
4 Goldman Sachs 267,102.04 920 5.80%
5 Barclays 266,010.35 1070 5.78%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 45,073.36 191 6.67%
2 Deutsche Bank 37,312.62 138 5.52%
3 BNP Paribas 36,204.20 208 5.36%
4 JPMorgan 34,040.23 112 5.04%
5 Bank of America Merrill Lynch 32,958.96 107 4.88%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 JPMorgan 22,398.41 104 8.67%
2 Morgan Stanley 19,092.40 102 7.39%
3 Citi 17,768.49 110 6.88%
4 UBS 17,693.89 71 6.85%
5 Goldman Sachs 17,256.05 98 6.68%