The EACT have made submissions to two CESR consultations, on standardisation and reporting of OTC derivatives.  Whilst recognising the benefits of standardisation we are arguing strongly in support of the continued ability of corporates to use non-standardised derivatives, as this use is essential for effective risk management.  On reporting we suggest that if corporate transactions are entirely or largely exempt from the scope of the EU's EMIL legislation (regulating the use of derivatives) any reporting obligation should lie with the financial sector participants in derivative transactions.

Click here to read the EACT's comments in response to the standardisation of OTC derivatives (PDF format), and click here to read the comments in response to the reporting of OTC derivatives (PDF format).

With world financial markets in turmoil and the economic prospects of many European countries looking weak this is a vital and challenging time for all involved with the treasury profession.  Against this background, as Chairman of the EACT I will continue to seek to provide a unifying focus for issues that, on a European level, affect how the members of the national associations can operate. 

Through our website we endeavor to provide useful informative about the EACT and provide a conduit for visitors to access the websites of the individual treasury associations making up the EACT.

  Richard Raeburn – Chairman EACT

Click here to read Richard's EACT blog