Proposed capital-rule exemption creates stir in Europe

11/15/2012 | (subscription required)

Controversy is brewing in Europe over a possible exemption for setting aside capital when trades involve sovereign entities and corporations. Uncertainty on whether the exemption will be in final rules is putting a strain on banks that are trying to price swaps transactions. Essentially, dealers complain that they are having to place bets on the outcome of closed-door negotiations.

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