Immediately before the EMIR reporting start date of 12 February the EACT sent a letter to the Internal Market Commissioner Michel Barnier stressing the numerous difficulties faced by non-financial counterparties in implementing the EMIR reporting obligation; we requested that the national supervisors adopt a flexible approach in the first months of reporting.
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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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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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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The newsletter features a series of special reports on the EACT Summit 2019.
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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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