Editor's Letter - FX Invest – The benefits of regulation

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At first glance, 2019 is a long way away. Between now and then there is time for one new government in the UK, a new president in the US, two new football world cup champions, one new rugby world cup winner, a small army of new Olympic medal holders and three total solar eclipses, for instance.

Despite this distance, the derivatives market already has to get comfortable with what life will be like in 2019. The next six years will see the gradual introduction of the Basel III reforms, and some

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