Banks glimpse certainty on non-preferred after Council agreement

The European Council has agreed to fast-track work on creating a non-preferred senior asset class, offering hope for those banks that are still looking for a cheaper way of raising their regulatory capital ratios.

  • By Tyler Davies
  • 19 Jun 2017

The Council has drafted a directive amending the legal ranking of unsecured bonds in insolvency, and will set about agreeing on the text with the European Parliament.

“The draft, which mainly amends article 108 of the bank recovery and resolution directive [BRRD], has been made a ...

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Bookrunners of Global Covered Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 20 Jun 2017
1 HSBC 18,859.47 96 5.78%
2 UBS 17,096.63 103 5.24%
3 BNP Paribas 16,125.84 71 4.94%
4 Commerzbank Group 15,763.40 95 4.83%
5 LBBW 15,321.72 85 4.69%

Bookrunners of Global FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 19 Jun 2017
1 Morgan Stanley 58,230.82 220 7.33%
2 Goldman Sachs 55,991.98 263 7.05%
3 Bank of America Merrill Lynch 50,362.34 188 6.34%
4 JPMorgan 49,807.13 231 6.27%
5 Citi 48,627.79 289 6.12%

Bookrunners of Dollar Denominated FIG

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 Citi 41,583.09 217 10.04%
2 Goldman Sachs 40,848.76 205 9.86%
3 Morgan Stanley 40,750.32 150 9.84%
4 JPMorgan 39,863.64 165 9.62%
5 Bank of America Merrill Lynch 36,689.19 149 8.86%

Bookrunners of Euro Denominated Covered Bond Above €500m

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 LBBW 4,563.62 16 7.62%
2 SG Corporate & Investment Banking 4,463.41 18 7.46%
3 BNP Paribas 4,287.01 13 7.16%
4 Credit Agricole CIB 3,637.13 14 6.08%
5 Commerzbank Group 3,356.64 13 5.61%

Global FIG Revenue

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 May 2016
1 Morgan Stanley 365.83 497 7.62%
2 JPMorgan 332.66 618 6.92%
3 Bank of America Merrill Lynch 299.89 590 6.24%
4 Goldman Sachs 276.71 375 5.76%
5 Citi 264.54 592 5.51%

Bookrunners of European Subordinated FIG

Rank Lead Manager Amount €m No of issues Share %
  • Last updated
  • 13 Jun 2017
1 HSBC 6,023.46 22 12.66%
2 Barclays 5,139.18 16 10.80%
3 Credit Suisse 3,558.82 15 7.48%
4 BNP Paribas 3,205.75 15 6.74%
5 Goldman Sachs 2,888.75 19 6.07%