EU banks poised to win reprieve on capital rule for derivatives
New rule to cut capital they need when they receive collateral from clients
London
EUROPEAN Union (EU) banks are set to win a major reprieve from capital regulations in a victory for their argument that the restrictions would punish their ability to handle clients' derivatives trades.
In legislation to be released as early as next month, the European Commission plans to include a measure that will cut the capital banks need when they r…
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