The EACT has responded to the discussion paper from ESMA/EBA/EIOPA on risk mitigation techniques for OTC derivatives. "The crucial areas covered by the document concern the potential requirements for collateral on OTC derivative transactions by corporates - 'where the corporate concerned is above the 'clearing threshold' and the contracts cannot be cleared through a CCP. "We are making two particularly important points: that there appears to be a fundamental inconsistency in the regulatory suggestion that banks should not be allowed to take a limited credit position on their OTC derivative activity with corporates, whilst banks are at the same time free to take credit risk through their lending activities; and that we are strongly opposed to a one-way exchange of collateral between the banks and corporates. Our response is here and you can view the ESMA/EBA/EIOPA discussion paper here.
The EACT is pleased to invite its members for nominations for the 4th EACT Award.View More
This year marks the 15th anniversary of the Association of Polish Corporate Treasurers. The 20th August, 2007 is the foundation day of the AssociationView More
EACT Award 2022: And the Winner is... For the 3rd year in a row, the EACT recognises a project realised within the European Treasury Community.View More
We wish you and your loved ones a happy holiday season and a new year filled with joy, prosperity and happiness.View More
The European Association of Corporate Treasurers (EACT) announces the appointment of François Masquelier as its new Chair as from October 1st.View More