With world financial markets in turmoil and the economic prospects of many European countries looking weak this is a vital and challenging time for all involved with the treasury profession. Against this background, as Chairman of the EACT, I will continue to seek to provide a unifying focus for issues that, on a European level, affect how the members of the national associations can operate.
Through our website we endeavor to provide useful informative about the EACT and provide a conduit for visitors to access the websites of the individual treasury associations making up the EACT.
The EACT has established a strong reputation in Brussels for the quality of its response to regulatory and legislative initiatives that impact the treasury profession. This work has been and remains particularly important in dealing with the financial regulatory responses to the financial crises.
We now plan to strengthen our capability by appointing a Policy Director to work with our existing Permanent Representative in Brussels. We are looking for someone with:
- significant senior experience in treasury and risk management
- understanding of the legal and political context in which regulation is developed in both the EU and the wider international arena
- intellectual ability to deal with complex policy issues
- enthusiasm for focusing on how these affect treasurers and companies.
We need someone who is a confident and good communicator, able to engage with and influence the thinking of the European Commission, MEPs and Member State representatives. Candidates must also demonstrate interest in and support for the work of national treasury associations.
The successful candidate will need to be able to spend significant amounts of time if not actually reside in Brussels. The role, which is remunerated, could be part time if required and might appeal to someone seeking to move towards the semi-retirement whilst remaining substantially involved in challenging work. Fluency (spoken and written) in English is essential as well as in either French or German.
If you would like to be considered for this role please send a short CV and a supporting statement to firstname.lastname@example.org. If you would like further background information please contact the EACT Chairman, Richard Raeburn, on email@example.com
The EACT has drafted a briefing paper for the new Members of the European Parliament and in particular the members of the ECON Committee dealing with financial services legislation. The paper shows how the non-financial sector (industrial and commercial firms) and in particular corporate treasurers have been impacted by financial regulation in the recent years; how we believe the legislative process could be enhanced in order to better take into account the impact beyond the financial system and what our major concerns are regarding some of the on-going regulatory files. Click here to read the paper >>
The EACT has published its position paper on the European Commission’s proposal for Regulation on structural measures to improve the resilience of EU credit institutions which deals with the structural reform of the EU banking sector. We stress that we are not convinced of the need to introduce a fundamental separation of banking activities as proposed by the Commission. Furthermore, we urge the legislators to reconsider the activities subject to separation and to re-design the “separation line”, allowing the deposit entity to offer the services that non-financial companies require from their banks. Click here to read the paper >>