The document discusses the potential impacts of the Financial Transaction Tax (FTT) on global financial markets, particularly focusing on the FX markets. It highlights the uncertainty surrounding the FTT's future, legal challenges, and concerns from European policymakers about its effects on bank funding and credit. The document also notes the potential adverse consequences for the FX markets, including increased transaction costs and reduced market liquidity.
doj/DataSet10/EFTA01449217.pdf
{"title":"Exchange Rate Perspectives: FX and the Financial Transaction Tax","key_people":["Oliver Harvey","Jens Weidmann","Christian Noyer"],"document_date":"2013-07-30","document_type":"correspondence","key_locations":["Frankfurt","London","Dresden"],"key_organizations":["European Commission","European Council","Bundesbank","Banque de France","Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0104529","SDNY_GM_00250713","EFTA01449217"]}