AIMA Takes Aim at FTT Proposal
|Jan 18th, 2012 | Filed under: Commodities, Hedge Fund Industry Trends, Hedge Fund Regulation, Today's Post | By: cfaille||
The Alternative Investment Management Association has issued a Research Note assessing – quite unfavorably – the European Commission’s recent proposal for a financial transactions ta
What is the FTT?
The EC’s proposal, set out in September, would, in the event all the member states agree, hit all transactions of equities or bonds at 0.1 percent of value, and all derivatives transactions at 0.01 percent of notional value.
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Christopher Faille is a Jamesian pragmatist. William James has taught him, for example, that "you can say of a line that it runs east, or you can say that it runs west, and the line per se accepts both descriptions without rebelling at the inconsistency."