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EU tax rules squeeze in-house lending desks

15 September 2010

The drive to harmonise taxes in Europe is squeezing the revenues of in-house securities lending desks, forcing some to consider outsourcing

Read more: Securities lending tax

The drive to harmonise taxes in Europe is putting pressure on securities lending revenues, potentially resulting in the elimination of internal asset manager lending desks and the growth of outsourced service providers, albeit at lower volumes than today, says a new report by New York-based consultant Finadium.

The report, ‘Tax Harmonization or Tax Coordination in Europe? Implications for...