2016 has been a year of major political surprises with the Brexit vote and The US presidential election. These events have had significant impact on financial markets and generated volatility.
In 2017, Corporate Treasurers will have political risk high on their agenda with the British prime minister’s plan to leave the EU and upcoming elections in the Netherlands, France and Germany. While we are experienced at managing uncertainty in markets, this year may bring once-in-a-Treasurer’s-lifetime changes as major political decisions lead to major structural changes.
The EACT acts as a forum for collaboration on pan-European Treasury issues, and we will further develop our initiatives on regulatory matters to broadly thought leadership.
Jean-Marc Servat, EACT Chair
Please see our latest news below. Use the map on the right to explore the member associations that make up the EACT.
EACT has submitted a response to ESMA’s consultation on the draft Regulatory Technical Standards for the Securities Financing Transactions Regulation (SFTR), that mandates double-sided reporting for non-financial corporates entering into repo transactions. The brief EACT response argues that given the difficulties with EMIR transaction reporting – on which the SFTR reporting is copied – all non-financial counterparties should be exempt from the reporting obligation.
Read the response here >>...
The EACT has addressed a letter to European Parliament members, the Slovak Presidency and the European Commission concerning the discussions aiming to finalise the Money Market Fund reforms. In our letter we emphasise amongst others the importance of maintaining CNAV government debt funds as they are an important cash management tool for a number of corporates.
Click here to read the letter...
EACT, BNP Paribas, PwC and SAP joined forces to launch “Journeys to Treasury”, a cutting-edge report that is designed to help professional treasurers build their own journey to the future of treasury.
The first edition of Journeys to Treasury addresses three key topics for corporate treasurers: continued innovation; anytime, anywhere treasury; cybercrime and fraud.
The report can be downloaded here >>...