The EACT (European Association of Corporate Treasurers) has written an open letter to the European Commissioners highlighting the need for any new regulation to take account of the impact on the real economy and therefore to enter into dialogue with companies whilst formulating such regulation. In particular the example of proposed regulation of derivatives is cited along with the treatment of derivatives under MiFID (Markets in Financial Instruments Directive) and CRD IV (Capital Requirements Directive).
The crucial importance of this issue is reinforced by the 188 companies from across Europe that are listed as co signatories to the letter.
Open letter to the Commissioners of the European Union
EACT Press Release - 7 Nov 2011