EFTA Document EFTA01449317

30 July 2013 Exchange Rate Perspectives: FX and the Financial Transaction Tax Global regulation and the FTT A concern surrounding the FTT currently proposed by the European Commission is that it offers economic incentives that conflict with existing international efforts at financial market reform. Because the FTT is imposed at every stage of a financial transaction it discourages financial intermediation. Mandatory clearing rules introduced by the Dodd Frank Act in the US and EMIR in Eu