Treasurers highlight unintended consequences of regulation
Corporate treasurers complain about the unintended consequences of the proposed financial transaction tax, as well as clearing rules for OTC derivatives
The move to central clearing of over-the-counter derivatives and the proposed implementation of a financial transaction tax were highlighted as key concerns for corporate treasurers during the Association of Corporate Treasurers (ACT) annual conference in Liverpool last week.
"I have many concerns over a transaction tax. Aside from its cost, the first is that it will be implemented unevenly, leading to inefficiencies in global capital markets and ultimately to a greater concentration of risk and
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