Italian Market Set for Shake-Up
Byline: Miles Costello
A large slice of the Italian debt market could be wiped out if a radical new set of proposals tabled before parliament last week by Consob, the country's market regulator, become enshrined in securities legislation.If adopted, Consob's proposals would prevent many Italian companies from using the new issue bond market in the country and hit the fee income of active international bookrunning investment banks, such as Lehman Brothers, Credit Suisse First Boston and Deutsche Bank.
Lehman is the number one bookrunner in the Italian league table, running nearly [euro]7.9bn ($10bn) of new debt deals for 44 issuers last year and holding a 10% share of …
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Publication information: Article title: Italian Market Set for Shake-Up. Contributors: Not available. Newspaper title: Financial News. Publication date: January 25, 2004. Page number: Not available. © Not available. COPYRIGHT 2004 Gale Group.
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