Chambers Ireland

Lobbying Organisation Chambers Ireland

Date published 17 May, 2022

Relevant Matter Public policy or programme

Public Policy Area Banking and Financial Institutions

Period 1 Jan, 2022 to 30 Apr, 2022

Specific Details EU Capital Requirements Regulation (CRR) and impact on trade finance in advance of EU Council working group meeting

Intended results Retention of a Credit Conversion Factor (“CCF”) applied to technical guarantees of 20% as 50% proposed will be overly punitive.

Name of person primarily responsible for lobbying on this activity Ian Talbot

Did any Designated Public Official(DPO) or former Designated Public Official(DPO) carry out lobbying activities on your behalf in relation to this return? You must include yourself, and answer Yes, if you are a current DPO or a DPO at any time in the past. (What is a Designated Public Official?) No

Did you manage or direct a grassroots campaign? No

Was this lobbying done on behalf of a client? No

Lobbying activity

The following activities occurred for this specific Subject Matter Area.

Email (1)

In the draft CRR the Commission has proposed to increase the Credit Conversion Factor (“CCF”) applied to technical guarantees to 50%. We request maintaining a CCF of 20% for these trade finance instruments, which will also have cost implications for major real-economy projects, in particular related to Europe’s energy transition, that would result from the overly punitive proposal

Designated public officials lobbied

The following DPOs were lobbied during this return period on this specific Subject Matter Area. These DPOs were involved in at least one of the Lobbying Activities listed above, but not necessarily all of them. As returns are specific to a Subject Matter Area the above Lobbying Activities may be associated with multiple returns.

Gary Tobin Assistant Secretary (Department of Finance)