Articles by Lukas Becker
CME-LCH basis to persist, say dealers
Banks not convinced by CME plans to lure dealers from LCH.Clearnet
Moody's bank swap ratings may halt ABS downgrades
New methodology could ease swap replacement headaches
EU regulator renews attack on US CCP margin rules
Esma’s Verena Ross warns against one-day regime for house accounts
Simon Puleston-Jones: Calling time on futures reporting
Regulators get "no meaningful data" from reports, argues FIA Europe head
CME-LCH basis affecting choice of venue, say buy-siders
Pimco: price gap is now “material”; Eaton Vance says lowest cost is key factor
Bank swap books suffer as CME-LCH basis explodes
Per-bank losses estimated at $20m; CME could lose business
DoubleLine warns of debt rollover risk
Asset manager plans to be liquidity provider if US credit market is distressed
Fragile markets prompt banks to rethink tail risk
BNP Paribas and BTMU tout ‘scalable’ stress testing
Ice considers moving Brent contract to avoid EU margin hike
Ice says move is “not an outcome we want to see” but Emir margin could drive users away
Small banks underpricing FVA, dealers claim
Dealers claim to be losing trades because smaller rivals are mispricing
Basel Committee launches FVA project
US regulators also looking into divergent valuations for uncollateralised swaps
CCPs raise alarm on South African OTC reform
Push for CCPs to establish domestic presence riles LCH and CME
Goodbye Sonia flat: banks rethink swaps with bond collateral
Higher discount rate can cut payouts to in-the-money clients by millions
Credit Suisse takes Sfr279 million FVA loss
Credit Suisse becomes the fifteenth bank known to have taken an FVA charge
Swiss franc losses blamed on liquidity gap
Options portfolios were impossible to delta-hedge, traders say
Morgan Stanley takes $468m FVA loss
US bank takes one-off charge to reflect cost of uncollateralised receivables
Swiss corporates suspend hedging after Sfr spike
Treasurers taking time out following removal of €/Sfr cap
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