Technical Update – New Irish Law ISDA Master Agreement

The International Swaps and Derivatives Association, Inc. (ISDA) has published Irish and French law versions of its 2002 ISDA Master Agreement, which are available on its website. https://www.isda.org/books/#page=1

It has also commissioned updated Irish and French netting opinions encompassing those new versions, which have been made available to ISDA members in its Opinions Library. This initiative forms part of ISDA’s strategy to provide users of its documentation with the tools they need to future-proof contractual arrangements against the uncertainties presented by ...

Continue Reading »
0

SEPA Business Service Scheme Cessation

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.

READ MORE>>>

 

Continue Reading »
0

Public consultation by EU Commission on implementation of EMIR

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 »
0

BEPS Consultation

BEPS Action 4: Interest Deductions and Other Financial Payments

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:

  • Deduction limitations based on group attributes
  • Deduction limitations based on fixed economic ratios and
  • Targeted ...
Continue Reading »
0

Technical Update – Accounting – Financial Market Volatility

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.

Read More>…

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 ...
Continue Reading »
0
Page 1 of 3 123