Behnam comments fan JSCC hopes for US client clearing

Japan clearing exec welcomes CFTC chair’s pledge to keep discussing OTC clearing status for non-US houses

JSCC-flies-the-flag-for-OTC-clearing-status montage

Comments by CFTC chair Rostin Behnam this month have given new hope to Japan Securities Clearing Corporation that the US may yet revise rules that would make JSCC’s over-the-counter derivatives clearing services accessible to US clients, says a senior executive at the clearer.

Tetsuo Otashiro, senior head of global policy and regulation at JSCC, says Behnam’s comments, made on March 8 to the US Senate Committee on Agriculture, Nutrition and Forestry, are “quite positive” about “opening access

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