Articles by Lukas Becker
Repo desks up in arms about NSFR
Draft rules would add an estimated 60 basis points to the cost of some overnight repo
Regulators worry about bank deleveraging
Officials would "very much prefer" industry to raise capital instead
UK isolated as Germany retains bond volatility filter
Banks in other big EU states will be able to sidestep Basel III
Banks split ruble forwards books on Russia sanctions fears
Traders say market for deliverable forwards has "disappeared"
Pro bono banking: The rise of risk solutions groups
Cross-asset groups are increasingly in vogue, but patience is key
PRA demands Ukraine and Russia risk reports from banks
Banks told to 'consider the implications for their business' and report to regulator
South African corporates expect to sign CSAs
Power giant Eskom and South African Airways want to cut hedging costs
Holes expected in South Africa’s draft clearing rules
Proposed regime could arrive this month, but scope will remain unclear
Sarb deputy governor calls for changes to Basel ratio
South African central bank wants softer treatment for wholesale funds in NSFR
EU banks fear capital hit from CCP approval delays
Risk-weights set to jump after June 15
'A terrible disappointment' - IASB fumes as US rejects common approach
Hoogervorst says work on classification and measurement "has been done for nothing"
In-depth introduction: Leverage ratio
Banks are under pressure to reduce the gross value of their derivatives portfolios, spurring greater use of bilateral compression exercises - and tougher standards in the US could put banks there under more pressure than their peers. By Lukas Becker
Bilateral compression takes off as banks tackle leverage
It used to mean the tearing-up of perfectly matching trades, but compression has become something bolder and more ambitious in recent months – at the same time, it has also become more confusing, and smaller banks fear they may have the wool pulled over…
US banks fear competitive impact of higher leverage ratio
US regulators have pledged to adopt the new Basel leverage ratio, but with higher minimums, sparking concerns that US banks will find it harder to compete in repo and other businesses. Lukas Becker reports
Hopes grow that US CCPs will get green light from EC
Market participants detect new mood on cross-border issues: "The two clearing regimes aren't really compatible, but neither side wants to start a shooting war"
Issuers change their tune on structured note disclosures
Open to disclosure
Repo netting curbs threaten government bonds, say dealers
Repo netting criteria in the revised leverage ratio may be less forgiving than banks first thought
EC bank reforms would leave lenders unable to hedge
European proposal limits risk management tools to clearable swaps only, preventing options-based hedges
Basel leverage ratio may force CSA restructuring
Cash collateral can only reduce derivatives exposure if it matches the currency of the underlying swap, threatening existing CSAs and even the new standard CSA
Industry welcomes footnote 513 no-action extension
Industry sources have welcomed CFTC decision to extend no-action relief for its non-US swap dealer requirements and to consult on definitions
CVA desks could struggle with Volcker correlation tests
Banks turn to lawyers for advice as CVA functions face tougher conditions than other trading desks
Basel said to be weighing leverage ratio U-turn
Cash collateral may be allowed to bring down derivatives exposure - and repo treatments could also be softened, according to three industry sources
CFTC correct in row over US Treasury liquidity - Risk.net poll
A poll of Risk readers finds that 56% agree the CFTC should require CCP holdings of US Treasuries to be backed by committed liquidity facilities
PRA protects clearing from leverage ratio hammer-blow
Banks say leverage exposure "could be halved" after PRA acts to safeguard business