FESE Position On The Enhanced Cooperation FTT

FESE believes that the proposed FTT will harm the European economy as it will have a serious and negative effect on growth, employment, access to capital and will ultimately be paid by citizens. Given the current proposals tabled by the Commission, FESE strongly believes that significant changes are needed to ensure that the likely negative impacts on regulated, transparent and multilateral trading venues are mitigated to the greatest degree possible and that the tax does not merely incentivise a shift in trading activity away from such venues to the OTC space.

 FESE position - Enhanced Cooperation FTT.pdf