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Banks Win Break on Capital Requirement Hitting Trading Desks

  • Basel Committee proposes revisions to capital standards
  • Banks’ ability to use internal models at issue in rules

Photographer: John Taggart/Bloomberg

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Banks that spent years lobbying against billions of dollars of new capital requirements are being rewarded for their efforts.

On Thursday, they won concessions from global regulators that may cut the amount of extra capital the industry’s biggest companies will need in 2022, when the new market-risk rules are due to take effect. The proposed revisions will come as a relief to traders in swaps, bonds and other securities.