Articles by Lukas Becker
First OTC clearing wave to catch 77 fund managers
List reveals 77 managers have funds that will be required to start clearing on March 11 - and dealers say up to a third are not ready to start
Australian CPDO judgment reveals S&P and ABN Amro's errors
An extraordinary Australian court judgement shines a light on the errors and deceit that led to the granting of a triple-A rating to ABN Amro’s Surf constant proportion debt obligation in 2006. Lukas Becker reports
"Deceptive and negligent": How the first CPDO got its AAA rating
An extraordinary Australian court judgement shines a light on the errors and deceit that led to the granting of an AAA rating to ABN Amro’s Surf constant proportion debt obligation in 2006. Lukas Becker reports
Dutch counsel confident of success as S&P faces new CPDO case
The fine handed out by an Australian court last year to ABN Amro and Standard & Poor’s was a rare success for post-crisis litigants in structured credit cases. The victors are hoping to repeat the trick in Europe – but what are their chances? Lukas…
Global margin standards face further delays
Proposals to collateralise non-centrally cleared derivatives could now be subject to further consultation and impact assessment, having missed the original end-of-2012 deadline
ABN Amro and S&P could face European CPDO suit
European banks and pension funds are seeking redress over CPDO ratings, and claims against issuers of other structured credit products could follow
Dealers seek second business conduct reprieve from CFTC
Less than 1% of counterparties are ready to trade under new regime. Non-compliant firms may be frozen out of the market, banks warn
Return of the DPCs
Return of the DPCs
The unintended consequences of the UFR
Annuity dawns
Pimco: Cleared for take-off
Pimco: Cleared for take-off
Banks plan to relaunch off-balance-sheet derivatives units
At least six banks are talking to lawyers and rating agencies about reviving derivatives product companies, although AAA ratings may now be off the table
CDS market faces iTraxx clearing obstacle
Restructuring credit events would cause non-clearable contracts to spin out of cleared index trades
Saving structured finance: Dealers vie for SPV replacement swaps
The SPV swap replacement game
CFTC rules could force European funds to break the law
Breaking the rules
OTC Derivatives Clearing Summit Europe: Corporates could be source of eligible assets for clearing
Cash-rich corporates could replace capital-constrained dealers as providers of collateral transformation services, according to one asset manager
CFTC could force funds to break US or European law
The CFTC's broad definition of a US person could leave European hedge funds facing conflicting rules
Time running out for buy-side clearing docs negotiation, dealers warn
Buy-side firms need to begin negotiating OTC clearing documentation now or risk being forced to adopt one-size-fits-all standard templates
Standard docs may not prevent clearing contract crunch
Preventing a clearing contract crunch
Gazprom Marketing & Trading: Powering up for clearing
Powering up for clearing
European OTC clearing documentation faces delay
Complications over close-out mechanisms and segregation models will delay the European addendum by up to three months, say dealers
New Isda protocol may not fix business conduct bottleneck
Dealers hope to comply with new business conduct rules by amending thousands of Isda master agreements – but a standardised protocol published last month is expected to leave some clients cold
Sefs hit by Dodd-Frank disclosure rules
New trading platforms must enable dealers to make pre-trade disclosures – but industry doesn't know what information needs to be provided