The European Commission launched a consultation in November 2010 on credit ratings agencies. We have responded to the consultation and the full document can be read using the View Document button below. The EACT welcomes the Commission's initiative in publishing a working document for discussion and consultation purposes.
Credit ratings play a key role in the financial system for issuers as well as investors, contributing to financial stability and supporting the prospects for growth. The provision of ratings underpins the pricing of debt and adds to market liquidity, both of which are key elements in open and competitive markets.
There is understandable concern, following the financial crisis of 2008, that change is needed. However, the EACT hopes that, as the Commission moves forward to develop proposals, it will take due account of what works well at present and avoid endorsing proposals that may be politically attractive but lack substance in analysis and fact.
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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