US senators press CFTC on Japan swap clearing
Boozman and Hagerty urge action on yen swap clearing access to JSCC in letter to US regulator
Two US senators have written to the Commodity Futures Trading Commission’s chairman, Rostin Behnam, calling for US investors to be given access to yen interest rate swap clearing in Japan.
US investors are currently barred from clearing yen swaps at Japan Securities Clearing Corporation, shutting them out of a market that can be cheaper and more liquid for certain positions. In the letter, seen by Risk.net and dated December 10, Republican senators John Boozman and Bill Hagerty urged the CFTC to
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