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Bad for Business: The Regulatory Impact on Financing Growth

  • By Staff Writers
  • Published: 6/7/2016
It’s no big secret that the spiraling cost of regulatory compliance hurts business growth. After all, if businesses must spend increasing amounts of money and time to comply with regulations, it means less money spent on growth opportunities.

On June 16, 2016, the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC), in partnership with the Association for Financial Professionals, the Coalition for Derivatives End-Users and the National Association of Corporate Treasurers, will host an event to discuss the financial services needs and challenges businesses currently face in areas ranging from access to capital to liquidity and risk management. Treasury and finance professionals are encouraged to attend this event.

“AFP is pleased to be working with the U.S. Chamber to ensure that the concerns of corporate treasurers are heard and considered in Washington,” said Jeff Glenzer, chief operating officer of AFP. “The Chamber is a powerful advocate for pro-business policies that create jobs and grow our economy, while AFP is the largest community of treasury and finance professionals in the world. Through our collaboration, we can be more effective at ensuring that our members’ voices reach key policymakers and positively influence the business environment.”

At the event, the CCMC will release results of the just-completed survey of more than 300 companies examining the impact of financial services regulatory reform on the availability and cost of the products and services that are most critical to the corporate treasury function.

Panelists include two AFP board members—Roberta Eiseman, CTP, president of Comcast Capital Corporation, and Ann Anthony, CTP, treasurer of South Jersey Industries Inc.

“While many of the initiatives stemming from the financial crisis target banks, the reality is that many of the adverse impacts are felt by non-bank CFOs and treasurers,” said Tom Quaadman, senior vice president, U.S. Chamber Center for Capital Markets Competitiveness. “It is increasingly hard for businesses to manage their liquidity, cash management and capital formation needs because of things like Basel III and the Volcker Rule. Businesses expect these headwinds to increase over the next two to three years. We hope that our event on the 16th will shine a light on those problems and we hope to propose solutions in the near future.”

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