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.
Breaking the rules
Cash-rich corporates could replace capital-constrained dealers as providers of collateral transformation services, according to one asset manager
The CFTC's broad definition of a US person could leave European hedge funds facing conflicting rules
Buy-side firms need to begin negotiating OTC clearing documentation now or risk being forced to adopt one-size-fits-all standard templates
Preventing a clearing contract crunch
Powering up for clearing
Dealers hope to comply with new business conduct rules by amending thousands of Isda master agreements – but a standardised protocol published last month is expected to leave some clients cold
Ten-week extension comes as welcome surprise to dealers, but industry still has concerns about timing and content of new rules
A number of downgraded banks are required to find swap counterparty replacements for over 300 structured finance transactions – but this is proving difficult, with few candidates willing or able to step in
Basel Committee addresses long-standing complaints over default fund exposures and client clearing
Federal Reserve proposals limiting counterparty risk could put RBS and the UK government in one pot – potentially forcing US banks to cut exposure to both
A committed committee?
A third of the figure was cleared in the last month alone - and volumes are expected to increase rapidly as clearing deadlines approach
Ecofin votes through new regulatory regime - and final amendments appear to give UK extra freedom - but work remains before Danish presidency ends on July 1