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Lehman Brothers

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  1. Buy side attacks Isda early termination protocol

    As was the case in the collapse of Lehman Brothers, they worry a bankrupt parent could be survived by numerous big affiliates, and counterparties would be stuck facing those entities while authorities tried to complete a hasty rescue.

  2. Poor liquidity stalls long-dated Thai derivatives market

    After all, Lehman Brothers [which went bankrupt in 2008] was triple-A rated. Thai markets had a tumultuous six months in the first half of the year, following December's anti-government protests. With the staging of a coup in May, and the...

  3. Deadline looms for Isda group on resolution protocol

    As a creditor, if the downside of this protocol is that I have to sweat for 24 hours, but at the end of that period I get a decent counterparty and I get to avoid the whole Lehman Brothers-type trauma, then count me in," says a senior dealer...

  4. Profile - Federal Reserve Bank of New York's Theo Lubke

    This situation could have proved disastrous following the near-collapse of Bear Stearns in March 2008 and failure of Lehman Brothers six months later, he adds. The new rules will overhaul the derivatives market, requiring dealers and a selection of...

  5. CDS lessons from the emerging markets

    Hakan Sofuoglu, co-head of emerging markets credit trading for Europe, the Middle East and Africa at Citi in London, says Turkey was one of the most-traded single-name CDS contracts in the year that followed the collapse of Lehman Brothers: “It...

  6. Questioning collateral

    In the wake of the crisis and the demise of Lehman Brothers in September 2008, market participants are now looking much more closely at the adequacy of collateral agreements, meaning concentration limits may become more popular.

  7. Surviving skew

    Turmoil was particularly acute in the months following the collapse of Lehman Brothers in September 2008, with some equity derivatives dealers reporting more than $1 billion in losses. It took two weeks to spike that much after Lehman – it’s a huge...

  8. Energy companies face up to clearing requirements

    Compare that to the Lehman Brothers bankruptcy, which was a huge financial market event that had very little impact on the power industry,” explains Peter Krembel, head of power, carbon and cross commodity trading for continental Europe at German...

  9. US regulatory changes weigh on consumer ABS

    The move came in response to a near-shutdown in ABS markets after the bankruptcy of Lehman Brothers in September 2008. Despite the success of the Term-Asset Backed Loan Facility (Talf) in reviving the US non-mortgage asset-backed securities (ABS...

  10. JP Morgan hit by record fine from FSA

    The FSA has been investigating the topic since the collapse of Lehman Brothers, and these cases are believed to be the first of many. Equally, in cases such as the collapse of Lehman Brothers, courts have been clarifying the extent of investor...

  11. FDIC will apply lower deposit limits to products in circulation

    The US Congress raised the FDIC's deposit insurance limits from $100,000 to $250,000 per depositor in October 2008, following the collapse of several US banks, including Lehman Brothers. The US Federal Deposit Insurance Corporation (FDIC) says it...

  12. Carry trade back but unwind is a distant threat, says BarCap

    After the demise of Lehman Brothers in September 2008, market fears led to a sudden unwinding of forex carry trades. Investors have been putting on foreign exchange carry trades “aggressively” in recent months, say analysts at Barclays Capital, but...

  13. US Lehman lawsuits gather international momentum

    International investors are contacting US lawyers for help on losses arising from Lehman Brothers-backed principal-protected notes, according to Florida-based law firm Vernon Healy. The firm has seen a sudden increase in complaints recently, one...

  14. Investors show more diligence

    The process now encompasses not only the fund itself but also its service providers – a consequence of the demise of Lehman Brothers, which also caught out a lot of people who had not taken counterparty risk seriously.The Madoff affair highlights...

  15. Accounting Round Table

    Lehman falloutDealing with the aftermath of Lehman Brothers’ collapse will probably take years to resolve Download of Accounting Round Table Importance of the auditorThe quality and usefulness of audits for funds is now seen as paramount

  16. Profession struggles with varying models

    This has given rise to difficulties in pricing securities.These asset classes include asset-backed securities, collateralised mortgage obligations (CMOs), structured products and securities issued by Lehman Brothers.

  17. Lehman fallout still causing concern

    When Lehman Brothers collapsed in September 2008, many hedge funds were caught in a bankruptcy that has shaken the foundations of the prime services industry. Funds that had assets custodied at Lehman obtained confirmation from the liquidators that...

  18. Rays of hope

    Following Lehman Brothers’ filing for Chapter 11 bankruptcy protection on September 15 last year, stock markets worldwide collapsed and the true extent of the crisis hit home with Australian investors.