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Regulators Considering Concession on Capital Rule

Clearinghouses and Wall Street say leverage-ratio rule needs to change so cost of derivatives trades doesn't skyrocket.

By Silla Brush and Jesse Hamilton, Bloomberg | Updated on August 26, 2015

Wall Street is making headway in a campaign to persuade regulators to soften a key rule that has forced banks to boost capital since the financial crisis.

After financial firms complained for about a year that some of the new requirements will make it overly expensive to offer derivatives to clients, regulators planned to discuss possible concessions at a private meeting starting Wednesday, according to two people with knowledge of the talks. The meeting consists of policy advisers to a group of global authorities that includes the Federal Reserve, the European Central Bank (ECB), and the Bank of England, the people said.

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