CFTC official warns on Sef rule overhaul

Isda AGM: Targeted changes better than a total rewrite, says Rostin Behnam

Read all our coverage from the Isda AGM here.

The incoming chairman of the Commodity Futures Trading Commission (CFTC) is likely to continue with attempts to reform rules governing swap execution, according to commissioner Rostin Behnam – however he warns against a full-scale overhaul of the framework.

Market participants have already spent a “great deal of resources” to build systems and businesses that comply with the existing rules, and a revamp will be justified only when there is a