April 17, 2024 (NO COMMENTS)

Isda AGM: Fed’s proposed surcharge changes could hike client clearing cost by 80%

A senior derivatives regulator says he is hopeful US prudential agencies will modify the so-called Basel III endgame proposals to avoid disincentivising the provision of client clearing services, which are set to attract higher capital charges under the draft new rules. “I definitely do think there’s a possibility that the rules could be revised,” said Rostin Behnam, chair of the US Commodity Futures Trading Commission (CFTC). “The general consensus among both the official sector and private