The EACT's Chairman, Richard Raeburn, was invited to give evidence to the ECON committee of the European Parliament on 6 February 2011, on the subject of the Financial Transaction Tax (FTT). The proposal raises a number of issues that are political in nature, on which the EACT will of course not engage. Richard's speech focuses on the extent to which the FTT, if implemented, will give rise to significant cost increases within the financial system; he questions whether this cost will be absorbed by financial institutions, suggesting that the likelihood is that the 'real economy' - companies, individuals and pension funds - will in practice be asked to carry the additional cost. Such an outcome is both bad for employment and growth; it may also reduce the strength of financial regulation within Europe, as companies seek to move their transactions to areas where the FTT or its equivalent is not being charged. You can read Richard's speech by clicking here.
The inaugural Treasury 360° Europe event will take place on 24 September 2026 in Luxembourg and has been widely welcomed by the treasury community. Endorsed by the EACT, we look forward to welcoming the international treasury community to the unique event.
View MoreEACT is pleased to welcome new members to the EACT Board. We look forward to their contributions and perspectives as we continue to strengthen the voice of treasury in Europe.
View MoreThis publication outlines key requirements and recommendations for establishing and further developing a corporate treasury function.
View MoreAhead 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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