The “huge price tag” involved in the UK Financial Services Authority’s (FSA) incoming liquidity regime was a key topic of discussion at last week’s Capital Markets Chamber in London. Chair of the event and CEO of think tank JWG-IT, PJ Di Giammarino, told attendees that the regulation would require a “factory refit of firms’ Basel II infrastructures” that would likely involve a cost of more than three times that of MiFID.

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