“At the end of the day, these costs have to be borne by the system as a whole…and hopefully the regulations will go in the direction that the costs are associated with things that actually matter, rather than just being a waste of money.”

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“At the end of the day, these costs have to be borne by the system as a whole…and hopefully the regulations will go in the direction that the costs are associated with things that actually matter, rather than just being a waste of money.”

– Joel Kim, head of fixed income Asia Pacific at BlackRock, on the potential costs facing users of derivatives post-regulation.

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