Articles by Lukas Becker
BAML takes $497m FVA loss
US bank becomes thirteenth to reflect cost of uncollateralised trades
RBS launches second DPC to prop up swaps
Boom-era vehicle retooled to guarantee securitisation hedges
CFTC's Massad muddies waters in CCP oversight row
Dual registration – not deference – is "proper model" for supervision, says CFTC chair
BNP Paribas reorganises its investment banking division
The latest people moves and news from the industry
First wave of EU client clearing to catch estimated 400 firms
Two of the 30 firms contacted by Risk say they will fall into Emir’s crucial category two
FCA to probe possible conflicts in barrier options
Some buy-side firms avoid illiquid underlyings over manipulation risks
Softer NSFR may not save repo, banks warn
Final rule slashes funding requirement for reverse repo, but applies it more widely
Dealers fret over NSFR impact on equities
Basel Committee ignores calls to protect market in new funding rules
Nationwide: ABS markets need more than warm words
"There does seem to be this sense in which covered bonds are innocent until proven guilty"
Conflict of interest: banks call for unity on Eonia
Traders fear swap market will be split by 0% floor disputes
UBS takes Sfr267 million FVA charge
Swiss bank takes FVA charge and removes DVA double-count
CVA hedge losses prompt focus on swaptions and guarantees
Regulators and accountants don't agree on CVA but banks say smart hedges exist
Radhakrishnan to leave the CFTC
Head of clearing and risk understood to be moving into private practice
Citi takes $474 million FVA charge
US bank becomes tenth to incorporate effects of funding
AIB welcomes AFS bond filter preservation
Senior risk manager says economy too fragile to remove filter
Banks avoiding covered bonds for LCR buffer over liquidity fears
Concerns raised about liquidity in stressed environments
EC considers six-month pause for CME's ‘doomsday clock’
Foreign CCPs may get surprise grace period
FTSE vol and skew fell prior to Scottish vote
Positions unwound before independence vote, traders say
Dealers welcome US uncleared margin rules
But cash variation margin restriction may upset the buy side
Robot risk managers excite swap market-makers
Banks hope auto-hedging algorithms will cut costs, boost volumes
Black box blues: Fed starts model validation row
"They all fall short," says one expert, as banks try to vet vendor models
Dale leaves Bank of England for BP, and other recent job news
Chief economist moves to oil giant
Fed orders banks to break open black boxes
Banks struggling to prise information out of vendors after Fed clamps down
UK utilities weigh creative inflation-hedge revamps
Yorkshire Water among the firms said to be considering inflation repacks