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The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

From an EU perspective, the European Securities and Markets Authority (ESMA) re-addressed its tick size regime in 2018 to combat concerns that Brexit will leave trading venues in the EU at a competitive disadvantage.

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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

The implementation of Basel III did, however, face a range of challenges , particularly in relation to its potential impact on bank profitability and lending activities. UMR has resulted in higher cost of trading for OTC derivatives, given that counterparties are required to post initial margin to cover potential future exposures.