Basel eases capital hit from new trading book rules for banks
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LONDON (Reuters) - Revisions to global rules for bank trading books will result in a halving of the extra capital needed from January 2022 to cover risks from market price swings, the Basel Committee said on Monday.It marks a completion of a welter of changes introduced by Basel since taxpayers had to bail out undercapitalised lenders during the financial crisis a decade ago.Banks had lobbied heavily to persuade the Swiss-based group of banking supervisors from the world's main financial centres..