US warns EU over financial transaction tax

More co-ordination between regulators is needed

"[The US] will not allow the [EU financial transaction tax] to happen. We will be very careful on how compensation is capped and regulated," says the president and CEO of the US Chamber of Commerce Thomas Donohue.

He also wants to see more international co-ordination in the regulation of the financial services industry.

"The G-20 economies should not look at their own capital markets in isolation. They need to look at all of them to understand how they interact," Donohue said, speaking at the

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: