Wall Street banks said to win big concession in new derivatives rule
Regulators have eased demands for tougher collateral requirements in swap deals, say sources
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Washington
WALL Street is close to cutting billions of dollars from the cost of a derivatives rule as a debate among regulators over how tough the provision should be shifts in banks' favour.
Firms such as JPMorgan Chase & Co and Morgan Stanley wouldn't have to set aside as much money in trades between their own divisions in the final version of a rule US regulators may release as soon as next month, said two sources.
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