MiFID2: Clarification for non-financial end-users transacting on multilateral electronic trading platforms
The EACT has sent a letter to the European Parliament asking for a clarification of MiFID 2 so that non-financial companies transacting on their own account on electronic trading platforms continue to be exempt from MiFID licensing requirements.
KYC has become a serious concern for EACT members over recent years: it is increasingly complex to fulfil all unstructured and nonharmonized requests. In all recent surveys, KYC is listed as a top priority for corporates and its rising costs are a source of frustration.
SEPA Instant Payment, an innovative instrument launched in Nov. 2017 by the European Payments Council currently has 2500+ participating banks. It provides corporate treasurers with both a business enabler and an opportunity to improve internal processes and gain efficiencies.
The newsletter features articles about the changing Euro interest benchmark landscape, the implications of Brexit on the derivatives markets, new Schuldschein loan agreements, the latest regulatory updates and more.