The EACT has responded to the European Commission's consultation on reforming the structure of the EU banking sector, in which a possible separation of retail and investment banking activities is envisaged. The EACT believes that any legislative action in this area should be postponed and broadly favours an approach that seeks to finalise the current initiatives in the area of financial services legislation, followed by a proper assessment of the initiatives' impact on economic activity. An orderly approach could then follow to the introduction of legislative measures to reform the structure of the banking sector.
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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The newsletter features articles on Brexit, tackling cyber risks in treasury and reports on recent NTA events.
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SEPA Instant Payment, an innovative instrument launched in Nov. 2017 by the European Payments Council currently has 2500+ participating banks. It provides corporate treasurers with both a business enabler and an opportunity to improve internal processes and gain efficiencies.
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The newsletter features articles about the changing Euro interest benchmark landscape, the implications of Brexit on the derivatives markets, new Schuldschein loan agreements, the latest regulatory updates and more.
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