Apr
06
Wall Street Is Edging Toward Win on Derivatives Capital Rule
By-
Basel proposes new ways to reduce exposure to derivatives
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Banks had argued that regulations were too expensive, onerous
Wall Street is making progress in its effort to soften a crisis-era capital requirement that banks argue places onerous expenses on trading.
The Basel Committee on Banking Supervision on Wednesday proposed a new method for banks to assess their exposure to derivatives, which could wind up lowering the amount of capital lenders need to meet restrictions on leverage. The committee, which includes the Federal Reserve and European Central Bank, also took steps toward alleviating banks’ concerns that they’re taking a capital hit on the billions of dollars in collateral they receive from customers for handling derivatives…
Wall Street Is Edging Toward Win on Derivatives Capital Rule
