Lehman shortcut could slash value of derivatives claims

A proposal to settle all outstanding derivatives claims against Lehman Brothers Holdings Inc (LBHI) is being fiercely opposed by a group of dealers, which believe it could slash the total value of their claims by anything from $5 billion to$10 billion.

According to the administrators of LBHI, Alvarez & Marsal, the proposals were presented to a group of 13 dealers in mid-December, of which nine came back with constructive feedback. Risk understands at least four dealers oppose the plan, which at

7 days in 60 seconds

Forex mispricing, Pillar 2 and the volatility trap

The week on Risk.net, February 10-16, 2018