The EACT has responded to a consultation by the FSB on the issues associated with the aggregation of data held by trade repositories. "We make the point that there is a risk that the aggregation of derivatives reporting data will be seen principally as a technical challenge instead of a challenge relating to the international inconsistency of the new regulatory requirements in respect of the reporting of OTC derivatives. "We repeat the plea we have made previously elsewhere that the opportunity of the FSB work should be used to bring more consistency in derivatives reporting at international level."
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.
View More
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.
View More
The latest issue features articles on cryptocurrencies in the Czech financial market, cybersecurity, impacts of M&A on hedging operations and much more.
View More
The newsletter features a series of special reports on the EACT Summit 2019.
View More
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.
View More