Lukas Becker is the derivatives desk editor for Risk.net. His topics of interest include over-the-counter derivatives pricing, collateral management, market infrastructure and legal risk. He is based in London.
He was previously the Europe, Middle East and Africa editor of Risk magazine.
An estimated $60 billion of structured notes are at risk of being called before year-end
CCPs say cleared swaps will move to new rates if Libor is no longer representative of markets
Move to new reference rates could hurt some swaptions holders, while others enjoy “windfall gain”
QE wind-down could boost Euribor, but panel bank expansion is unlikely
Market second-guesses spread for new risk-free rate, spicing up Libor-Sonia basis market
UK port operator converts swaps and bonds to Sonia, but loans proving more tricky
Landmark move sees Associated British Ports become first to amend legacy bond reference rate
BMO, Prudential, Associated British Ports, LCH and others reveal their plans to move off troubled benchmark
Early mover switches £10 billion of pension liability swap hedges to Sonia
Growth of client repo books could create liquidity crunch, says Grigorios Markouizos
Rivals say French dealer grew business too quickly – with leveraged version of Korean index one source of pain