Technical Guidance and Comment

Influencing and informing

As the chartered professional body for treasury we work hard on a number of fronts – policy submissions and consultations, technical updates, and interactions with regulators and legislators to address issues for treasury practitioners and help improve professional standards in the financial sector.

Use the quick links and search function to access our knowledge base and technical archive available on this site. Further resources are available through the Treasurer's Wiki.


The ACT has published a number of articles and guides to help treasurers and their businesses with the practical issues they now face over Brexit.


Briefing notes

ACT briefing notes are freely available as a valuable source of guidance and updates on key issues affecting treasury.

Recent technical updates

Policy submissions and responses

Special Interest Groups

ACT Policy & Technical are establishing a number of Special Interest Groups (SIGs) to actively influence decision makers and the corporate finance debate on the topics that matter to treasurers.

Representing the profession and shaping the debate

Open to all ACT members, SIGs will work with the ACT Policy & Technical team to put the perspective of the profession to regulators and decision makers and to inform the profession through briefing notes and practical support.

If you have a particular interest in any of the areas below we’d love to hear from you:

Funding: capital raising, capital structure & pricing

  • Sources of funds – debt and equity
  • Bank Recovery and Resolution Directive – the impact of Bail in regulations
  • Broadening access for SMEs - CMU and the Prospectus Directive
  • Taxation - impact of Base Erosion and Profit Shifting rules (BEPS)
  • The impact of regulation on bank pricing - Basel III and MIFID2

Cash management: counterparty risk, pooling & the banking landscape

  • Counterparty risk management
  • Bank Structure: ring-fencing/resolution regimes (Vickers/Volker/ Liikanen models)
  • The evolution of pooling structures
  • Cash collections and payments solutions
  • The effect of low interest rates

Financial products/markets: regulation, volatility & product development

  • EU Financial Transaction Tax (FTT)
  • Central Clearing, margining and collateral
  • The impact of volatility
  • New product development by banks

The commercial context: policy, technology | economics

  • The impact of a low interest rate environment on growth
  • Digital disruption: Blockchain; Fintech
  • Volatility driven by uncertainty: Brexit, EU instability, USA election, China
  • Pensions, accounting, tax changes
  • Trust and Identity (KYC, KYB, AML)

Keep us informed – as new topics arise they’ll be allocated to one of the Special Interest Groups, so let us know what your issues are.

Get involved – if you are interested in joining a Special Interest Group please email the Policy & Technical team at

Policy & Technical Committee

The manifesto explains the aims and scope of the ACT’s technical work and the general stance that will be taken by the ACT in formulating and publishing any official views on technical matters.

The work of the policy & technical officers is guided and assisted by the Policy & Technical Committee. Current members of the committee are:

  • Charles Barlow, Coats
  • Tim Boxell, Slaughter and May
  • Sarah-Jane Chilver-Stainer, GlaxoSmithKline
  • Alistair Clark, Tesco
  • Judith Harris-Jones
  • Tim Hayter, Bunzl
  • Edward Hoefling, Innovation Consultancy Services
  • Kwok Liu, National Grid
  • Charlotte Morgan, ED & F man Holdings
  • Stephen Powell, Slaughter and May
  • Stephen Pugh, Adnams
  • Chris Raftopoulos, PricewaterhouseCoopers
  • Graham Robinson, PwC
  • Alison Stevens (Chair), Phoenix Group
  • Martyn Smith, Dyson
  • Yann Umbricht, PricewaterhouseCoopers
  • Stanislav Varkalov, Lloyds Bank
Related keywords and elements of treasury
ACT Competency Framework

Be the first to hear of treasury news, regulatory change, plus receive discounts on ACT event tickets and more..

Join ACT networks

Celebrating success


Please wait....