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


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

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Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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