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 Futures Trading Commission (CFTC). “The general consensus among both the official sector and private

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here