Any financial institutions involved in securities business are likely to be directly impacted by new FTT regimes. In particular, banks, brokers, asset managers, insurers and custodians all need to be developing a response to these developments.
FTTs impact a number of different areas of a financial institution from the front office trading strategies through to the clearing and settlement systems and processes.
We have developed an approach structured to ensure that all affected transactions and projects are captured, but flexible enough to respond to regimes that in many cases are not yet finalised.
Financial Transaction Taxes: Developing a strategic response