Derivatives end users are urging regulators to exempt their trades intended to hedge their positions from a charge for credit-valuation adjustment under Basel III rules. European authorities have included an exemption for corporate hedgers, bolstering the case in the U.S. "European policymakers seem to be enacting capital charges on derivatives positions that are significantly more favorable to end users than the capital proposal of the U.S. prudential banking regulators," said Tom Deas, treasurer of FMC.

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