Anglo-French Committee letter on CVA exemption

Published 26/11/2012

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.