The EACT has responded to the European Commission's call for evidence on the EU regulatory framework for financial services, which aims at assessing the impact of the EU financial reform since 2009. The significant wave of financial regulation has concentrated on ensuring financial stability and on reducing the likelihood of a similar crisis reoccurring. Whilst this was certainly necessary, the EACT is concerned that the measures adopted might have had some serious adverse consequences on non-financials companies' ability to fund themselves, manage their risks and handle their liquidity, and have resulted in putting excessive administrative burden on corporates generally.
Corporate treasurers are financial specialists within non-financial companies - but as end-users they are often impacted by EU legislation aimed at the financial sector.
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The latest issue features articles on the European Parliament elections, the trade war between China and the USA, bank account management in transition plus the news that Helmut Schnabel has been re-elected Chair of IGTA.
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The latest issue features articles on cryptocurrencies in the Czech financial market, cybersecurity, impacts of M&A on hedging operations and much more.
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The newsletter features a series of special reports on the EACT Summit 2019.
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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.
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