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.
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
Dealers warn of market disruption if trades lacking new CSAs are terminated before September 1
Isda AGM: Start legal negotiations now or risk missing September deadline, warn dealers
Isda AGM: New BNP Paribas system already creating counterparty trading probabilities for bonds
Isda AGM: CFTC’s Giancarlo says geography has been no barrier for EU CCPs in the US
Isda AGM: Swinburne criticises Basel’s lethargy on clash between leverage and clearing rules
Settlement timing difference penalises back-to-back trades with US and EU banks
Banks divided over whether to price trades using current CSAs or theoretical new agreements