European banks believe that the introduction of a financial transaction tax at European level is a nonsense since, depending on the scope of the regulation, it could generate a shift of some business activities to other parts of the world, with negative impact on the funding of the European economy and finally on employment.
The EBF is concerned that imposing a financial transactions tax would also have an impact on the liquidity of instruments, at a time when any additional cost on funding would be better avoided.
Press release
© EBF
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