The EACT has submitted a response to the European Securities and Markets Authority's (ESMA) consultation on the technical standards on reporting under Article 9 of EMIR. We are supportive of ESMA's efforts to provide enhancements that will clarify and simplify reporting requirements but we highlight that sufficient lead-time for implementation by non-financial counterparts must be foreseen. We also propose that the scope of the reporting requirement should be focused on areas of increased inherent risk and transactions that are not systemically risky e.g. intragroup transactions of non-financial counterparties and FX contracts used for commercial/hedging purposes should be excluded from the scope.
This publication outlines key requirements and recommendations for establishing and further developing a corporate treasury function.
View MoreAhead of the EACT in Action session at the 2025 EACT Summit, read this GLEIF document to learn why Verification of Payee has become a crucial tool for fraud-conscious treasurers.
View MoreThe EACT is pleased to remind all members about the deadline: 31 Juanuary 2025 for nominations for the 6th EACT Award 2025.
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As a new chapter is opening for the European Union, with a new European Commission soon in place and a new European Parliament now elected, it is time for some fresh thinking to set up the EU economy for success and competitiveness.
View MoreAs adoption of real-time and other payment types increases across the globe, fraud detection strategies must also evolve. In parallel, the regulatory bodies overseeing payments are adapting their requirements.
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