ECON has published the text of its opinion on the Financial Transaction Tax (FTT) Directive and its motion for an EP own-initiative resolution on bank structural reform. The FTT report includes, in addition to the legal ownership principle and the reduced tax rates identified in the previous issue of FReD, an extension of scope to OTC derivatives and to foreign branches of EU institutions registered within the FTT jurisdiction. (Source: FTT Report and Bank Structural Reform Report)