European Commission Green Paper on Building a Capital Markets Union

The European Association of Corporate Treasurers (EACT) welcomes the Commission's Green Paper on Building a Capital Markets Union. We think this is an important and much needed initiative from the Commission. Europe is in serious need of action to support its companies with efficient and well-functioning capital markets. The recent programme of financial regulation has concentrated on ensuring financial stability and on preventing a new crisis. Whilst this was necessary, these measures have had some serious negative consequences on the ability of non-financial companies to fund themselves, manage their risks and handle their liquidity. We view the Capital Markets Union as an opportunity for the EU to move beyond a post-crisis regulatory agenda and re-focus financial regulation, putting the needs of the real economy at the centre of their actions. We believe that an important part of the exercise should be to review existing legislation, keeping in mind what businesses need from the financial system and how it can help non-financial companies to grow, invest and create jobs. Some of the recent and planned regulatory initiatives - such as the proposed regulation of money market funds and the threat of an FTT implementation - create an unnecessary burden on businesses, inhibit recovery and fail to contribute in any way to financial stability. We will seek to make constructive input to the debate in order to ensure that future legislation will be well-targeted and balanced, thereby helping to create a competitive and thriving European economy. 

View Document

Subscribe to the EACT Newsletter

News


EACT in Action Webinar Replay: Fraud Prevention and the Role of Treasury

Photo from EACT in Action Webinar Replay: Fraud Prevention and the Role of Treasury

What role can treasurers play in the fight against cybercrime and fraud? Our latest EACT in Action webinar offers answers to this question from an expert panel that included the Deutsche Bahn AG treasury team.

View More

Fast Track to Success: Deutsche Bahn EACT Award 2021

Photo from Fast Track to Success: Deutsche Bahn EACT Award 2021

We are delighted to share this photo of Dr. Gerd Berghold accepting the award on behalf of the treasury team at Deutsche Bahn.

View More

EACT Survey 2021

Photo from EACT Survey 2021

This annual survey shows that despite the COVID crisis, top priorities of corporate treasury remain the same. No one will be surprised to see Cash-Flow Forecasting as the number one priority, followed by digitization (and automation) of treasury processes. Today Treasury would like to rely more on technology and innovations proposed to become more resilient and more efficient.

View More

EACT Newsletter - June 2021

Photo from EACT Newsletter - June 2021

The latest edition contains the first EACT in Action event and EACT Award 2021 results, cross border currency payment execution, and LIBOR transition preparation.

View More

Podcast | How to Streamline Customer Reference Data in Treasury Processes

Photo from Podcast | How to Streamline Customer Reference Data in Treasury Processes

A panel of experts consider how treasurers can streamline customer-reference data and due diligence processes in treasury applications.

View More