FIA filed a comment letter today with the Board of Governors of the Federal Reserve System expressing serious concerns with the significant increase in capital requirements for client derivatives clearing activities that the Board has proposed in its G-SIB Surcharge Proposals.
The G-SIB Surcharge Proposal’s changes to the treatment of client-cleared OTC derivatives transactions would, on their own, increase the capital required to engage in client clearing activities by more than 58%.
Read FIA's letter in full.
Read the press release.
