EACT Newsletter - September 2020

We hope you enjoy the September edition of the EACT Newsletter.

In this edition you will find articles about central bank digital currencies (CBDCs), communication in a digital world, and information regarding the new 2020 - 2021 Journeys to Treasury report.

As ever, please do follow the EACT LinkedIn page for the very latest member association news and treasury insight.

Jean-Marc Servat
Chair, EACT

In this issue

  1. Central Bank Digital Currencies - What is all the Fuss?
  2. Journeys to Treasury 2020 – 2021: Innovation, Agility and Resilience
  3. European Financial Regulation Shifting into Gear – What Will it Mean for Corporates?
  4. Communicating in a Virtual World
  5. Tax Issues Related to Financing and Cash in Times of Crisis
  6. Payment Factories - More Up-to-Date Than Ever!
  7. The Inevitable Move Towards Further Digitization: on the Road Again!
  8. News from the VDT

Central Bank Digital Currencies - What is all the Fuss?

12 months ago, Central Bank Digital Currencies (CBDCs) were the topic of think tanks and obscure magazines. These days, not a month goes by without a new headline in the more popular press.

Read article


Journeys to Treasury 2020 – 2021: Innovation, Agility and Resilience

With the launch of the 2020-2021 report, following on from the special COVID-19 series earlier in the year, the Journeys to Treasury partners are helping treasurers globally at every step through a tumultuous journey.

Read article


European Financial Regulation Shifting into Gear – What Will it Mean for Corporates?

Following an initial period of reflection and public consultation, EU policymakers are now set to launch many of the set pieces of financial regulation for the current legislative mandate. At the same time, the impact the COVID-19 pandemic has had on the economy has motivated policymakers to adjust a number of pieces of securities markets and prudential regulation to ease burdens on investment firms, banks, and companies.

Read article


Communicating in a Virtual World

COVID-19 has certainly impacted the way we communicate from a technical and logistical perspective. It has also perhaps raised our awareness around the importance of communications, on a number of different levels.

Read article


Tax Issues Related to Financing and Cash in Times of Crisis

The health crisis linked to the coronavirus epidemic has plunged all countries worldwide into the unknown. Paralyzing a large portion of the population and of companies, the health crisis subsequently gives way to a major economic crisis. Against this backdrop, companies first focused on liquidity. Indeed, with a sudden drop in sales, the cash flow generation slows down or even stops as companies are unable to slow down their cash outflows.

Read article


Payment Factories - More Up-to-Date Than Ever!

From March to May 2020 the VDT conducted a survey on Payment Factories. The trigger for the survey were the numerous regulatory changes that have had a strong impact on the processing and optimization opportunities in payment processes.

Read article


The Inevitable Move Towards Further Digitization: on the Road Again!

Different reasons, including the pandemic, are forcing all of us to revisit the finance organization as a whole and to move a step further towards digitization. This is a fantastic opportunity arises for those who will be ready to on-board new technologies and prepared for these changes and… challenges.

Read article


News from the VDT

VDT Working group "Electronic Signatures / Digital workflow"

The digitization of corporate processes can no longer be delayed. As part of this and sooner rather than later, the physical signature will belong to the past. As a consequence of the pandemic, Work From Home (WFH) arrangements will become an increasing part of the new normal, rather than just an exception.

Anecdotes from life in treasury

A treasurer had this amusing story to tell: “In the retail sector, payment settlements automatically generated from our TMS that included the abbreviation SPO for spot plus reference number in the reference field led to massive problems with our banks.”

Read article

Subscribe to the EACT Newsletter

News


GLEIF-EACT Webinar: Accelerating Digitisation of Treasury with the LEI

Photo from GLEIF-EACT Webinar: Accelerating Digitisation of Treasury with the LEI

View a recording of the recent webinar hosted by EACT and Global Legal Entity Identifier Foundation - GLEIF.

View More

EACT responds to European Commission consultation on an EU Green Bond Standard

The 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).

View More

EACT Briefing Focus: Sustainable Finance

Photo from EACT Briefing Focus: Sustainable Finance

Sustainable finance and environmental, social and governance (ESG) reporting are becoming increasingly important topics for treasurers. This briefing sheds light on why and how sustainable finance should matter to all treasurers and explain the latest regulatory developments and initiatives at EU level.

View More

Journeys to Treasury 2020 – 2021: Innovation, Agility and Resilience

Photo from Journeys to Treasury 2020 – 2021: Innovation, Agility and Resilience

With the launch of the 2020-2021 report, following on from the special COVID-19 series earlier in the year, the Journeys to Treasury partners are helping treasurers globally at every step through a tumultuous journey.

View More

EACT responds to European Commission consultation on a Renewed Sustainable Finance Strategy

The EACT is grateful for the opportunity to respond to the European Commission's consultation on a renewed sustainable finance strategy. Read our position here.

View More