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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News


EACT announces Tarek Tranberg as Head of Public Affairs & Policy

Tarek is an experienced public affairs expert, specialising in EU financial regulation and has previously advised financial and non-financial companies across the entire financial services value chain on their EU policy advocacy strategies at FleishmanHillard. Tarek has a profound understanding of the regulatory issues impacting treasury and of the strategic objectives of the EACT.

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EACT supports the European Commission’s proposal for a new Digital Finance Strategy for Europe

Read the EACT's response to the European Commission's new digital finance strategy for Europe / FinTech action plan.

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EACT supports the European Commission’s development of an EU Retail Payments Strategy

The EACT is grateful for the opportunity to respond to the consultation on the implementation of new retail payments strategy. Read our position here.

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EACT Newsletter - June 2020

Photo from EACT Newsletter - June 2020

The latest issue looks at the results of the EACT Survey, FX hedging in volatile markets, and shares the latest news from EACT and its member associations.

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EACT Newsletter - April 2020

Photo from EACT Newsletter - April 2020

The latest issue looks at how to plan liquidity requirements during Covid-19, defend against fraud and cyberattacks, and shares the latest news from EACT and its member associations.

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