Central counterparty equivalence for five more countries
by Kylene Casanova
The EC has announced that the central counterparty regulatory regimes for Canada, Switzerland, South Africa, Mexico and Korea are now “equivalent” to regulation of EU CCPs.
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 moreEMIR standards on data reporting updated
by Kylene Casanova
The technical standards on data reporting requirements under the European Markets Infrastructure Regulation (EMIR) have been updated.
Companies unprepared for changing EU data privacy law – and penalties
by Kylene Casanova
Research by Truste has shown that many companies are unaware of the EU’s General Data Protection Regulation, which will replace the existing frameworks for data protection in each EU country.
Regulatory enforcement priorities for listed companies
by Kylene Casanova
The European Securities and Markets Authority (ESMA) has published its annual Public Statement on European Common Enforcement Priorities (Priorities) for 2015.
Why collateral management could have a wider appeal for corporates
by Kylene Casanova
While some corporates are required to report on mark-to-market valuations of positions and on collateral value, collateral management could benefit those who aren't required to comply with EMIR.
IFRS proposes new reporting interpretations for tax and FX
by Kylene Casanova
The International Financial Reporting Standards (IFRS) interpretations committee has proposed interpretations of two standards, in order to harmonise how the standards are applied in practice.
Citi enhances treasury diagnostics global benchmarking tool
by Kylene Casanova
Integration of CitiFX Corporate Risk Management survey results into Citi Treasury Diagnostics provides a significant advancement in corporates’ analysis and understanding of their performance
‘EMIR - a work in progress’ with a brighter future
by Kylene Casanova
Misys’s Neil Macro assesses the progress of EMIR reporting so far - the problems and the opportunities, the possible decline of bank delegated reporting, and how plan to cover global multi-jurisdiction reporting
Thomson Reuters solutions for staying compliant with global tax rule changes
by Kylene Casanova
Two new services help corporate treasury departments and tax departments comply with BEPS world-wide
Corporates face uncertainty and tax compliance burden, as BEPS announced
by Kylene Casanova
The base erosion and profit shifting project consists of a 15-point action plan that aims to put an end to multinationals being able to transfer profits to lower-tax jurisdictions in order to pay less tax.
EIU survey finds corporate treasurers focused on weak economy and FX risk
by Kylene Casanova
A combination of weak economic growth and volatility in foreign exchange markets are the dominant risks facing corporate treasurers, according to the Economist Intelligence Unit.
What your banks are reading: help on complying with Fatca
by Kylene Casanova
A report that clarifies the requirements of the US Foreign Account Tax Compliance Act (Fatca) for financial institutions and their customers has been published by Thomson Reuters.
EU’s consultation on modernising VAT for cross-border e-commerce
by Kylene Casanova
The EU has opened a public consultation on VAT rules for businesses selling online in Europe, with a view to extending simplified procedure to retailers of tangible goods.
ESMA publishes technical standards on MiFID II, MAR and CSDR
by Kylene Casanova
The European Securities and Markets Authority has published its final technical standards on some of the most important legislative measures to be introduced following the financial crisis of 2008.
EU and US issue joint statement on financial markets dialogue
by Kylene Casanova
A number of EU and US authorities have met to discuss regulatory developments in financial markets, as part of the Financial Markets Regulatory Dialogue.
EC: Financial professionals back EU corporate tax transparency
by Kylene Casanova
Responses to the European Commission's public consultation on corporate tax transparency show broad support from financial professionals for extending current requirements.
Global IPOs raise 75% less in Q3 compared to Q2
by Kylene Casanova
Global initial public offering (IPO) activity has slowed in the third quarter of this year, according to a report from EY.
Call for candidates for Corporate Finance consultative working group
by Kylene Casanova
ESMA has launched an open call for candidates for its Corporate Finance Standing Committee’s consultative working group.
Companies must wake up to risk of third party non-compliance
by Kylene Casanova
Auditing third parties for compliance is the number one anti-bribery and corruption challenge for corporates, according to the Global Anti-Bribery and Corruption Survey 2015, by KPMG.
ESMA publishes standards on penalties under UCITS V
by Kylene Casanova
The European Securities and Markets Authority has published its draft implementing technical standards on penalties and measures under UCITS V.
EU tax committee calls for sanctions on uncooperative corporates
by Kylene Casanova
A European Parliament special committee on tax has shown its frustration at the lack of cooperation with its investigation into tax competition from some of the biggest corporates based in the EU.
“Essential progress” made on EU transaction tax
by Kylene Casanova
A group of 11 EU nations working on developing the basis for a financial-transactions tax have made an important step forward after a meeting in Luxembourg last week.
1,125 banks sign up for KYC Registry 10 months after launch
by Kylene Casanova
More than 1,125 financial institutions have now signed up to Swift's Know Your Customer (KYC) Registry, which aids compliance with regulations to prevent financial crime.
IASB web series clarify changes to financial reporting standards
by Kylene Casanova
The series of web presentations explain the IASB's rationale behind its proposals for improving the existing set of reporting standards and accounting policies.