Prime brokers have focused on bolstering asset security for clients after billions of dollars of client assets were caught up in the administration of Lehman Brothers International (Europe) (LBIE).
Tight rules should be drawn up to prevent dealers from wrongly classifying standardised derivatives trades as bespoke to evade central clearing, said Theo Lubke, senior vice-president in the bank supervision...
Clearing houses could cause large losses for their members if they don't put limits on portfolio allocation, dealers think.
More Lehman brothers articles
Lehman Brothers International (Europe) (LBIE) has collected more than $48.6 billion of assets and cash up until March 14, and $17.2 billion has been distributed to creditors, according to a progress report by the administrators of LBIE, published on April...
LCH.Clearnet could start using overnight indexed swap (OIS) rate curves rather than Libor to value its roughly $212 trillion swap portfolio, in response to changing market practice.
Lehman Brothers Holding Inc (LBHI) confirmed yesterday in its bankruptcy disclosure statement that there are doubts over the validity of third-party and affiliate guarantee claims that cite a pledge by the holding company to take on its subsidiaries'...
Banks and investors were hammered on short single-stock variance positions during the financial crisis, leading many dealers to withdraw from the variance swap market. The alternative that some have reverted to is the volatility swap, although this has...
The FSA fined RSM Tenon Financial Services Limited at the end of last month, in the first enforcement case to come out of its review of the marketing and sales of structured products. But many individuals are turning towards private litigation as a means...
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.
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