EACT Comments on the Commission Proposal for Payment Services Directive II

The EACT has published a position paper on the Commission's proposal for a revised Payment Services Directive. The position focuses on the need to ensure that corporates' centralised payments operations remain out of scope of the Directive as the intra-group exemption is currently not applied coherently across Member States and the revision introduces some further uncertainty as to whether corporate in house banks or shared services centres could be regarded as falling within the scope of the Directive. We also argue that the changes proposed by the Commission to the unconditional refund right for direct debit transactions would be counterproductive and unfeasible to implement.

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Vision on financial regulation for the real economy for the next 5 years

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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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EACT Newsletter - June 2019

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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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EACT Newsletter - April 2019

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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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EACT Newsletter - March 2019

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The newsletter features a series of special reports on the EACT Summit 2019.

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EACT Briefing Focus: KYC

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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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