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ACT warns of risks from regulation in 2012
Basel III and Emir could push companies out of Europe, predicts ACT deputy policy director

An assortment of new regulation will lead to rising costs for corporate end-users of derivatives, and might encourage some firms to set up shop outside of Europe, according to Martin O'Donovan, deputy policy and technical director at the Association of Corporate Treasurers (ACT) in London.
The combined effect of the fourth capital requirements directive – the European Union's take on Basel III – and the European Market Infrastructure Regulation (Emir), which requires standardised over-the
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