The EACT has responded to the European Commission's consultation on foreign exchange instruments. The response highlights that FX transactions undertaken for commercial purposes by non-financial companies should not be considered as financial instruments under MiFID as such transactions promote rather than threaten financial stability. Furthermore, the delineation between a spot and an FX forward transaction should take proper account of the existing market practices and any eventual change of interpretation and scope should not put a further compliance burden on non-financial companies.
Ahead 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.
View MoreEACT Board Member, Guillermo De La Fuente has been selected as member of the European Banking Authority (EBA)'s Stakeholder Group.
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