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It would force derivative trading out into the open.
New products such as derivative trading have been introduced.
The whole area of derivative trading is fraught with uncertainty because of the difficulty of valuation".
"I would put derivative trading in a subsidiary and tax it at a higher rate.
Dimon will be quizzed by the house financial services committee over his bank losing $2bn on high-risk derivative trading.
He drags the viewer through a thicket of insurance scams, sub-prime bubbles and derivative trading so wilfully obfuscatory that even the experts can't explain how it works.
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Mr. and Mrs. Markus, both 27, work for investment banks in New York, she as an assistant vice president for human resources at Credit Suisse First Boston and he as a vice president for credit-derivative trading at Goldman Sachs.
Sweden, which is outside the euro, says its own transactions tax in the 1980s served only to push bond- and derivative-trading to London.
Besides extending the bank's presence in Eastern Europe and Russia (SocGen bought a stake in Russia's RosBank in 2006), Bouton built SocGen's investment bank into a pioneering and profitable global competitor by recruiting heavily from France's École Polytechnique and introducing advanced engineering and math concepts, such as complex derivative-trading strategies.
Among other things, it would give new regulatory powers to the Federal Reserve, create a new agency to help protect consumers of financial products, and make derivative-trading more transparent.
There is also a global push to shift derivative-trading to central clearing houses.Estimates vary as to how much of the sting of these regulations is yet to be felt.
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