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.
Ahead of the EACT in Action session at the 2025 EACT Summit, read this GLEIF document to learn why Verification of Payee has become a crucial tool for fraud-conscious treasurers.
View MoreThe EACT is pleased to remind all members about the deadline: 31 Juanuary 2025 for nominations for the 6th EACT Award 2025.
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As a new chapter is opening for the European Union, with a new European Commission soon in place and a new European Parliament now elected, it is time for some fresh thinking to set up the EU economy for success and competitiveness.
View MoreAs adoption of real-time and other payment types increases across the globe, fraud detection strategies must also evolve. In parallel, the regulatory bodies overseeing payments are adapting their requirements.
View MoreEACT Board Member, Guillermo De La Fuente has been selected as member of the European Banking Authority (EBA)'s Stakeholder Group.
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