Please click here to view the electronic version of the latest Issue of the International Group of Treasury Associations (IGTA) eJournal.Continue Reading »
Some members will have been made aware by their banks that the SEPA Business Service scheme for Direct Debits will cease in Ireland from 1st February 2016. Over the last few months the IACT has been actively engaged in dialogue with a number of the main Irish clearing banks and also relevant industry bodies (such as IBEC and BFPI) to voice our members concerns over the potential impact the cessation of this scheme could have their businesses.
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The EC published its proposed securitization regulation on 30 September 2015. The proposed regulation imposes enhanced disclosure requirements on all originators, as well as creates a pan-European framework for ‘safe, transparent and standardised’ (“STS”) securitisations.Continue Reading »
Public consultation by EU Commission on implementation of EMIR
On 22nd May 2015, The EU Commission launched its public consultation on the implementation of EMIR. The Commission shall, in particular, assess a number of specific aspects of EMIR. These include: the access of CCPs to central bank liquidity facilities; the functioning of supervisory colleges for CCPs; and the margin practices of CCPs. The review will also assess the systemic importance of non-financial firms and potentially unintended consequences to NFC- (See question 1.2 ...Continue Reading »
On 18 December 2014, the OECD, as part of its work on the Action Plan to address Base Erosion and Profit Shifting (BEPS), released a Public Discussion Draft on Action 4 in relation to the deductibility of interest expense and economically equivalent financing payments. The Discussion Draft outlines three main alternatives to address non-taxation through the use of interest deductions:
Recent months have been marked by increased volatility in global markets, falling oil prices, political unrest and slower than expected recovery in the Eurozone. The current economic environment has driven many to ask questions as they prepare year-end financial reporting.Continue Reading »
Corporate Treasuries are now having to respond to external and regulatory changes and invest time and effort in meeting demands that are not directly related to their underlying business and financial risks. These challenges will continue in 2015. There are also opportunities.Continue Reading »
The increased focus on Base Erosion and Profit Shifting (BEPS) in the multi-national environment will have many corporate treasurers re-considering their pricing methodology on intra-group lending and treasury transactions. Pricing on intra group lending, FX, credit support, guarantees and options are all likely to once again come under the spotlight during 2015. Ensuring a robust, well documented and transparent transfer pricing methodology is in place will reduce your risk exposure on these transactions and ensure that you are fully compliant ...Continue Reading »
The IAS 32 and IFRS 7 offsetting amendments have required corporates to re-assess when they offset financial instruments for accounting purposes; and analyse what additional financial statement disclosures in relation to offsetting may be required.
This members’ update is for general information only and should not be regarded as a substitute for tax, legal or other professional advice. Such advice should be taken before acting on or taking steps in relation to matters referred to in ...Continue Reading »