Response to the European Commission consultation on foreign exchange financial instruments

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.

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EACT Newsletter - February 2020

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The latest issue examines the latest EU policy initiatives, assesses the impacts caused by interest rates below zero and reports on how European treasurers have joined forces on instant payments

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EACT Briefing Focus: Trade Finance Innovation

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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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EACT responds to European Commission consultation on implementing the final Basel III reforms in the EU

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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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EACT responds to ESMA consultation on review of the Market Abuse Regulation and potential extension of its scope to FX spot markets

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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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EACT Newsletter - December 2019

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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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