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.
Japan’s Totan had been first to show volatility basis; sources speculate traders wanted to avoid re-marking books
Moving from Libor to an RFR shouldn’t force margin requirement on legacy non-cleared trades, says UK regulator
Tax reform and Treasury issuance focuses bank US dollar funding pressures onshore
Gap between 30-year Libor and Sonia swaps surges 36% in three weeks
UK regulator follows up on statement from ESAs that urged forbearance
Firms postpone plans to start margining before January 3 in case EU regulators scrap new requirement
Bodies aim to align EU with other jurisdictions – hinting at end of unpopular rule
Expectations rise of forbearance after Council of the EU proposes buy side VM exemption
At least seven banks now using settled-to-market treatment for variation margin
Move follows guidance from US regulators; no word from Goldman on capital impact
Future of €180 trillion Euribor swaps market unclear as banks yet to agree support