EACT Chairman's Presentation to Committee on Economic and Monetary Affairs of the European Parliament, 11 October 2011

EACT Chairman Richard Raeburn was invited to give evidence on the EU's proposals for bank capital requirements (CRD IV), at a meeting of the ECON committee of the European Parliament on 11 October 2011. In his speech he argues that it is vital that the new capital requirements regime does not cut across the value of the exemption won for corporate use of derivatives in the proposed EMIR regulation. He also focuses on the impact of CRD IV on borrowing costs, overall access to funding, trade finance and the EU's international competitiveness.