The EACT published today its response to the European Commission’s (EC) consultation on a new Digital Finance Strategy for Europe. In our response we emphasise the importance of balancing innovation with adequate end-user protection when developing a new Digital Finance strategy.
In our view a dedicated Digital Finance Strategy could deliver several benefits to EU end-users of financial services – ranging from harnessing the benefits of more interconnected data flows and more cost-efficient access to financial services to a potential simplification of compliance processes, such as those for AML, through use of digital solutions.
We also highlight that a regulatory framework on the use of Artificial Intelligence and related solutions such as Machine Learning and Robotic Process Automation could facilitate a greater uptake. Some of these solutions are already starting to be used in corporate treasury and clarifying questions of liability and creating legal certainty for end-users could accelerate this process.
.png "EACT LMA Webinar: Libor Transition & Reference Rate Reform 2020")
View a recording of the recent webinar hosted by EACT and Loan Market Association (LMA).
View MoreThe signatories of this paper believe it is critically important that the transition period for third country benchmarks under the Benchmarks Regulation (BMR) should be extended beyond the end of 2021 to end-2025.
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View a recording of the recent webinar hosted by EACT and Global Legal Entity Identifier Foundation - GLEIF.
View MoreThe European Association of Corporate Treasurers (EACT) has published its response to the European Commission’s (EC) consultation on the creation of an EU Green Bond Standard (EU GBS).
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The latest issue looks at central bank digital currencies (CBDCs), communication in a digital world, and information regarding the new 2020 - 2021 Journeys to Treasury report.
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