ISDA warns about consequences of financial-transaction tax

09/30/2011 | Global Financial Strategy

ISDA said Europe's proposed tax on financial transactions would harm corporations that hedge their risk as well as the financial sector. "ISDA is concerned that the FTT will ultimately increase the costs of hedging those risks," the group said. "We believe that managing such risks is essential for the long-term economic growth and recovery of European economies."

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