The Purpose of EACT is to group the National Associations of Corporate Treasurers and Financiers of the countries belonging to the European Union.

EACT's aims are

• To develop and strengthen relations with European authorities and institutions
• To share experiences, express common points of view, undertake joint actions on financial and treasury matters as well as relationships with financial partners
• To carry out and publish joint surveys and working papers

Any National Association of Corporate Treasurers and/or Financiers of a European country and/or a country, which has made application to join the European Union, may have the status of observer.

Topics already addressed by EACT include: European Securities Regulations, international accounting standards on financial instruments, cross-border payments, harmonisation of business rules of conduct, Basel regulations on banking supervision.

The EACT has submitted its response to the IASB's exposure draft on the measurement of financial instruments. This is the first of three stages of consultation in a programme designed to allow the IASB to come forward with a substantial revision to IAS 39. The EACT welcomes the IASB's initiative and looks forward to an outcome with less complexity and greater appropriateness for practical risk management by corporates ... full article click here