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.
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
Seesawing markets prompt speculation of big losses for structured product issuers
Bilateral trades would be valued and margined using LCH swap curves
Intra-day calls criticised by banks; FIA working group pushing for change
Dealers say they lack capacity to renegotiate thousands of existing collateral agreements
Euroclear shuts at 12:15pm New York time, causing some US banks to miss T+1 cutoff
Banks and funds may have limited set of counterparties on September 1