The July report on regulatory issues from The European Association of Corporate Treasurers (EACT) is now available online.

It provides information about the European financial regulations impacting corporate treasurers. The report summarises the financial regulations where recent progress has been made.

In particular, the following developments are noted in the report:

• European Market Infrastructure Regulation (EMIR): The Basel Committee has launched a consultation on CVA and the EBA is continuing its work on challenging the NFC CVA exemption under CRD IV.
• Financial Transaction Tax (FTT): Discussions on the tax are continuing and finance ministers met recently but no agreement has been announced yet. Pierre Moscovici, Commissioner in charge of taxation, has stated that he sees an agreement on FTT in the near future after a meeting of finance ministers mid-June.
• Bank Structural Separation (Barnier/Liikanen rule): The Council has agreed on its position that would bring several positive amendments to the original Commission proposal. Parliament now has to agree on its position before trilogue negotiations can start.