EACT Regulatory Update – January 2016 by Jean-Marc Servat, Chairman, The European Association of Corporate Treasurers (EACT)
It is now seven years since the wave of regulations that followed the financial crisis. The European Commission has launched a call for evidence on the impact of financial regulation. The EACT is gathering evidence to respond, but we would like to make general comments and suggestions for future regulation.
1. Assessment on the impact on non-financial end-users
Going forward there should be an obligation to conduct a thorough analysis on the impact of financial regulation on non-financial companies. Adequate budget should be allocated for such an analysis.
Our fundamental concern is that non-financial companies should not be assumed by default to be the same as financial companies when financial regulation is being developed.