Banks will pass on regulatory costs of derivatives transactions to clients, says Shirvani

Outgoing Isda chairman Eraj Shirvani spoke to Risk's deputy editor Duncan Wood about how derivatives operations, and end-users, will have to adapt to the impact of new rules

Increased regulation of the derivatives industry will drive up risk management costs for end-users, says Eraj Shirvani, managing director, head of fixed income for Europe, the Middle East and Africa at Credit Suisse.

Shirvani, who is also the outgoing chairman for the International Swaps and Derivatives Association gave a valedictory interview at the organisation's annual general meeting in Prague on April 13.

On the issue of increased regulatory burdens such as central clearing on the profit