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CFTC chair backs easing of G-Sib surcharge in Basel endgame

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

Rostin Behnam
Rostin Behnam
Photo: John Harrington

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

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