EACT Monthly Report On Regulatory Issues May 2016 - steady progress to report
by Kylene Casanova
The most depressing and useful summary of the development and progress on regulatory issues in Europe
Operations
Background
The large majority of the work in a corporate treasury department is administration, transaction processing and non-discretionary decision making. This absorbs most of the time and resources in the…
Read more“7,000 Data Protection Officers needed in the UK by May 2018” - Henley Survey
by Kylene Casanova
In order to comply with new EU data protection rules – regardless of Brexit
Attracting corporate treasury talent via social networks: make them want to join
by Kylene Casanova
Adam Gordon, CEO, Social Media Search explains how to attract the best treasury talent by exploiting the social networks
ESMA replies to EC on treatment of commodity derivatives trading under MiFID II
by Kylene Casanova
The European Securities and Markets Authority has published an official opinion on MiFID II and MiFIR, in response to comments from the European Commission.
Reinventing and transforming treasury to fit with ‘The Future of Business’
by Kylene Casanova
Sam Cooke understood future of corporate treasury: “You’ve got to accentuate the positive” (simplifying, focus on new ways of doing business), “eliminate the negative” (unnecessary complexity, things with no value)
EC launches targeted consultations on capital requirements regulation (CRR/CRD IV)
by Kylene Casanova
The European Commission has launched two targeted consultations on some of the principles within the Capital Requirements Regulation and Directive (CRR/CRD IV).
SEC actions against US financial firms’ subsidiaries up 50% in 2015
by Kylene Casanova
A new report shows a dramatic increase in the total number of enforcement actions initiated by the SEC against public company defendants and related subsidiary defendants.
“Compliance costs and complexity” are bugging financial industry
by Kylene Casanova
The topic of “excessive compliance costs and complexity” received the greatest number of responses to the EC's call for evidence on the EU regulatory framework for financial services.
EU’s country-by-country tax rules exclude 90% of multinationals
by Kylene Casanova
The European Parliament last week approved country-by-country reporting for MNCs but the rules will only apply to those with revenues above €750 million, leading to claims the tax rules have no teeth.
10 ways the EU data protection regulation could impact your company
by Kylene Casanova
Did you know that the EU data protection regulation could mean a €2.3bn boost for business? Here are 10 ways the GDPR will change things for businesses that process customer data in the EU.
Profit-shifting saves US companies $100bn a year
by Kylene Casanova
Tax rules introduced in the US last month took steps to make corporate tax inversions – when US companies move their tax residence overseas to avoid US taxes – less financially attractive.
Market and credit risks remain high in Q1
by Kylene Casanova
Uncertain EU and global economic outlooks keep liquidity risk at high levels, according to a Q1 report by the European Securities and Markets Authority.
IFRS guide shows standards are spreading globally
by Kylene Casanova
The IFRS Foundation has published its 2016 edition of the Pocket Guide to IFRS Standards showing that 83 per cent of the biggest economies in the world now require the standards.
ESMA amends MiFID II standards on non-equity transparency and position limits
by Kylene Casanova
The European Securities and Markets Authority has issued two proposed amendments to its draft Regulatory Technical Standards for MiFID II.
Investors and CEOs poles apart on incentives, skills and value creation
by Kylene Casanova
The divergent views and priorities of investors and chief executives regarding issues such as performance incentives, the availability of key skills and value creation are highlighted in a survey by PwC.
Why treasury needs a seat at the JV negotiating table
by Kylene Casanova
A report from McKinsey shows that trust, communication and focusing on businesses models are linchpins of successful joint venture negotiations. Treasury has a role to play in these key areas.
Panama Papers database: a treasury resource for counterparty evaluation
by Kylene Casanova
The forthcoming release of data contained in documents leaked from a Panama law firm could provide insight into the business activities and associations of more than 200,000 offshore entities.
Five ways to improve your financial controls
by Kylene Casanova
Large companies can benefit from a regular re-evaluation of their financial controls and it's better for the corporate treasury to ensure this is carried out before audit arrives.
EC sets out conditions for endorsing RTS for MiFID II
by Kylene Casanova
The European Commission has published three letters informing the European Securities and Markets Authority about its decision to endorse draft regulatory technical standards for MiFID II.
Why CFOs and treasury must lead on analytics
by Kylene Casanova
Only 10 per cent of CFOs say they are are responsible for analytics within the company – financial executives could do more to develop and harness big data.
Continuity risk to business from EU data protection laws
by Kylene Casanova
The EU General Data Protection Regulation has been adopted. Companies have two years to comply or face punitive fines and huge reputation risk, which treasury departments should take seriously.
SWIFT & Accenture show path to Distributed Ledger Technology in financial services
by Kylene Casanova
New paper analyses the opportunities and challenges of distributed ledger technology in financial services, AND identifies key factors for success
Do finance and big data analytics go hand-in-hand?
by Kylene Casanova
The Association of Financial Professionals (AFP) has published a guide to big data, explaining how financial professionals can harness big data in core financial processes.
IASB’s webcast on the definition of a ‘lease’
by Kylene Casanova
The International Accounting Standards Board (IASB) has recorded a web presentation discussing the requirements of IFRS 16 Leases relating to the definition of a lease.