Liquidity Buffers and High IT Costs of FSA Proposals Top the Agenda at Capital Markets Chamber
14 Jul 2009
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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