The EACT has published its position paper on the European Commission's proposal for Regulation on structural measures to improve the resilience of EU credit institutions which deals with the structural reform of the EU banking sector. We stress that we are not convinced of the need to introduce a fundamental separation of banking activities as proposed by the Commission. Furthermore, we urge the legislators to reconsider the activities subject to separation and to re-design the "separation line", allowing the deposit entity to offer the services that non-financial companies require from their banks.
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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