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
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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