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.
Trade Finance Innovation is a key topic for corporate treasurers. Recent decades have seen radical changes in the way we deal, shop, hedge, lend and pay, for example. Why shouldn't Trade Finance also deliver its full potential of transformation?
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The EACT is grateful for the opportunity to respond to this consultation on the implementation of the final Basel agreement in the EU. Read our position here.
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View the EACT's responses to the questions asked in the Consultation Paper on the MAR review report, published on the ESMA website.
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The latest issue features updates on what the new EU policy cycle for 2019-2024 will likely hold in store for financial services and corporate treasury, as well as event updates from various national associations.
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The latest issue features updates on the new Journeys to Treasury report, EURIBOR and EONIA benchmarks and how to benefit from the EMIR Refit.
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