Isda AGM: Clearing will magnify European FTT, warns UniCredit’s Lim

tax-burden

Proposals backed by 11 members of the European Union to introduce a financial transaction tax (FTT) will make the central clearing of over-the-counter derivatives prohibitively expensive, according to TJ Lim, global head of markets for Italy's UniCredit, which is headquartered in one of the countries backing the tax.

Speaking at the annual meeting of the International Swaps and Derivatives Association in Singapore today, Lim said the big problem with the FTT is that – unlike existing similar

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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 individual account here: