Epstein Secrets

e: Wcd 31 Mar 2010 13:38:43 +0100 To: Subject: Summers/CX readout Summers/CX readout CX was grateful for your intelligence ahead of the meeting. Financial Services reform c LS gave similar position on substance of Volcker as at Davos. Focus of concern is more on prop trading than size of banks or breaking them

Finance Ministers meeting in Canada there was a move away from a global insurance fund to a global levy. LS did not dispute. CX noted that because US Govt taxes American banks on worldwide basis there was a real risk of double taxation of UK banks e.g. Barclays. This an issue of design of a EFTA_R1_00

0 13:38:43 +0100 To: <petermandelson > Subject: Summers/CX readout Summers/CX readout CX was grateful for your intelligence ahead of the meeting. Financial Services reform o LS gave similar position on substance of Volcker as at Davos. Focus of concern is more on prop trading than size of banks or breaking them

Finance Ministers meeting in Canada there was a move away from a global insurance fund to a global levy. LS did not dispute. CX noted that because US Govt taxes American banks on worldwide basis there was a real risk of double taxation of UK banks e.g. Barclays. This an issue of design of a global lev

o: < Subject: Summers/CX readout EFTA_R1_0 1496546 EFTA02427406 Summers/CX readout CX was grateful for your intelligence ahead of the meeting. Financial Services reform o LS gave similar position on substance of Volcker as at Davos. Focus of concern is more on prop trading than size of banks or breaking them

Finance Ministers meeting in Canada there was a move away from a global insurance fund to a global levy. LS did not dispute. CX noted that because US Govt taxes American banks on worldwide basis there was a real risk of double taxation of UK banks e.g. Barclays. This an issue of design of a global lev