Documents
- Anglo-French Committe letter to Commissioner Barnier on the CVA exemption pdf (182 KB) 26/11/2012
- Response from Commissioner Barnier pdf (123 KB) 4/02/2013
- Anglo-French Committee letter to George Osborne and Pierre Moscovici on CVA exemption pdf (116 KB) 29/01/2013
Anglo-French Committee letter on CVA exemption
Published 26 Nov 2012
The Anglo-French Committee of the City of London and Paris Europlace wrote to Commissioner Barnier to express support for the ECON amendments to introduce an exemption to the CVA risk charge in CRD4 for corporates and pension funds. The Committee also called on the Commission to go further by expanding the exmption to all corporates globally, not only those established in the EU.
This was followed-up by a joint letter to Chancellor George Osborne and Minister of Finance Pierre Moscovici.