“The end result is smaller, less liquid markets for financial institutions and end users continuing to trade within the EU.”
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Derivatives

“The end result is smaller, less liquid markets for financial institutions and end users continuing to trade within the EU.”

—Helen Kennedy, chair of the International Swaps and Derivatives Association’s European Tax Committee, in a letter to the U.K. House of Lords on the consequences of introducing a financial transaction tax in the European Union).

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