While the proposed Late Payment Regulation is motivated by the commendable goal of supporting and protecting small and medium-sized enterprises (SMEs) in the area of payments, as currently drafted, it captures transactions where both parties are large companies and potentially prevents SMEs and large companies alike using supply chain financing. As the co-legislators consider the proposal, they should create an exemption for transactions between large businesses which do not require the same protections as SMEs and benefit from additional flexibility, as well as clarify the regulation’s impact on supply chain financing. Access our position below to learn more.
Position on the Late Payment Regulation
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Sustainable Finance Disclosure Regulation 2.0: getting the architecture right
The EU’s sustainable finance rules should help investors understand where their money is going and support Europe’s transition. The Commission’s proposal improves the current system, but some changes are still needed.
The new Transition category should focus on whether companies are cutting emissions, not on the sector they operate in. The 70% threshold should stay. The rules should also work with MiFID II and the EU Taxonomy.
Companies need 24 months to prepare. Firms that fall outside the new scope should stop reporting as soon as the rules enter into force.
Read the paper to learn how SFDR 2.0 can direct more capital towards Europe’s transition.
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Discussing transatlantic regulatory cooperation with SEC Commissioner Mark Uyeda
On Wednesday, 10 June, AmCham EU hosted Mark Uyeda, Commissioner, US Securities and Exchange Commission, for a discussion on transatlantic regulatory cooperation. The exchange focused on developments shaping global capital markets. Topics included the Savings and Investment Union, ESG and climate-related disclosures, digital finance and stablecoin regulation as well as EU-US capital markets competitiveness. Participants discussed how proportionate regulation can support innovation, lower costs for investors and contribute to economic growth on both sides of the Atlantic. The meeting also highlighted the importance of continued engagement between EU and US regulators as the financial landscape evolves.
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Discussing financial services with policymakers in Paris and Strasbourg
From Monday, 27 to Wednesday, 29 April, AmCham EU travelled to Paris, France and the European Parliament in Strasbourg, France for a series of meetings on EU financial services policy developments. The delegation engaged with representatives from French and European financial authorities, Members of the European Parliament, Accredited Parliamentary Assistants and Group Policy Advisers, to share business perspectives on the EU’s financial services agenda. Discussions focused on how to improve Europe’s competitiveness, deepen capital markets and create the right conditions for innovation in digital finance. Members also highlighted the need for more coherent and interoperable rules that reduce complexity while encouraging long-term investment through risk-based regulation.
Policy priorities
Insights and advocacy driving Europe’s policy agenda. Our priorities support growth, innovation and a stronger transatlantic economy.
Membership
Connecting business and policymakers to strengthen the voice of American companies in Europe.