27 Janvier 2014

City of London : implications of a financial transaction tax for the European regulatory reform agenda

27 janvier 2014

The objective of this qualitative research report is to consider the impact of the FTT on financial stability on both a macro and micro level, in particular the extent to which the FTT is compatible with G20 commitments and European regulatory reforms designed to improve the resilience and stability of the financial sector.

The research has identified that in its current design, the FTT is likely to conflict with rather than complement a number of key regulatory initiatives aimed at increasing financial stability in the financial services sector. The impacts of the conflicts between the FTT and existing regulatory initiatives would be felt on both a micro and macro level and is therefore generally considered an ineffective instrument to enhance financial stability. Its impact on financial stability is likely to be negative or, at best, neutral.


Lire le document Implications of a Financial Transactions Tax on the Regulatory Reform Agenda



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