Articles by Lukas Becker
MVA will be a ‘game-changer’, say valuation experts
Leap in initial margin will cut CVA, FVA and KVA, but generate new funding effects
Richard Jackson joins Alphadyne
Deutsche's former European flow rates head joins asset manager
LDI funds cool on zero-coupon swaps as price jumps
Clients complain of six-fold hike after rates volatility hits dealers' par swap hedges
HFT's Treasury market penetration a clear concern
Dominance of opaque shops poses concentration risks
Hidden price pressures grow in euro swap market
Clients face wider bid/offer spreads, as dealers struggle to find liquid hedges
Courting the AIIB: dealers eye development bank “goodies”
Beijing-based supranational expected to be heavy swaps user
Regulators cool on plans to change leverage exposure sums
SA-CCR is mooted successor to 27-year-old CEM, but sensitivity may count against it
BoE warns banks on derivatives booking practices
Dealers must simplify if there is "no coherent rationale" to structures
EU urged to go it alone on capital for securitisations
Basel group split over how to reflect European plans for 'simple' securitisations
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