London, Friday 21 June 2019 – The World Federation of Exchanges (“WFE”), the global industry group for exchanges and CCPs, has made a formal statement following the decision by the Basel Committee on Banking Supervision (BCBS) to revise the leverage ratio and allow banks to offset margin posted by their customers against cleared derivatives.

“The WFE applauds the BCBS for improving the incentives to clear derivatives through CCPs. The policy change announced by the Committee on the treatment of client initial margin under the leverage ratio brings greater consistency with the G20 framework, as well as respecting the economic reality of the effect of margining. It also allows the world to move forward on a co-ordinated basis, across listed and OTC derivatives alike," said Nandini Sukumar, Chief Executive Officer, The World Federation of Exchanges (WFE).


For more information, please contact:

Anna Watson
Head of Communications, The World Federation of Exchanges
Phone: +44 20 7151 4137 / +44 7850 287 685
Twitter: @TheWFE