Green Paper on Financial Services Policy (2005 – 2010) - ACT Response

A consultation by the European Commission, May 2005

The Association of Corporate Treasurers (ACT) welcomes the publishing of the Green Paper and strongly supports the overall policy objects as stated. The key policy objectives stated of

• consolidating progress towards an integrated, open and economically efficient European financial market and
• fostering a market where financial services and capital can circulate freely at the
  lowest possible cost and
• implementing enforcing and continuously enforcing the existing legislative framework and applying better regulation are laudable aims.

Our members work in the treasury departments of corporations which stand to benefit from the first two mentioned above and likewise will feel the consequences of regulation and legislation. The better regulation framework will be of particular interest and importance to the ACT and its members.