EACT has submitted a response to ESMA's consultation on the draft Regulatory Technical Standards for the Securities Financing Transactions Regulation (SFTR), that mandates double-sided reporting for non-financial corporates entering into repo transactions. The brief EACT response argues that given the difficulties with EMIR transaction reporting - on which the SFTR reporting is copied - all non-financial counterparties should be exempt from the reporting obligation.
Tarek is an experienced public affairs expert, specialising in EU financial regulation and has previously advised financial and non-financial companies across the entire financial services value chain on their EU policy advocacy strategies at FleishmanHillard. Tarek has a profound understanding of the regulatory issues impacting treasury and of the strategic objectives of the EACT.
View MoreRead the EACT's response to the European Commission's new digital finance strategy for Europe / FinTech action plan.
View MoreThe EACT is grateful for the opportunity to respond to the consultation on the implementation of new retail payments strategy. Read our position here.
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The latest issue looks at the results of the EACT Survey, FX hedging in volatile markets, and shares the latest news from EACT and its member associations.
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The latest issue looks at how to plan liquidity requirements during Covid-19, defend against fraud and cyberattacks, and shares the latest news from EACT and its member associations.
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