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 »
Many corporate treasurers are likely to have become more aware of the OECD’s Base Erosion and Profit Shifting (BEPS) project, given the worldwide publicity it has received and the focus it has placed on limiting tax benefits of intragroup financing arrangements as a source of aggressive tax planning.
Following on from the BEPS project, the European Commission released its own draft anti-avoidance tax package on 28 January 2016 which contains measures to prevent aggressive tax planning, boost tax transparency and create ...Continue Reading »
We have received the following statement EACT Statement on EBA Report on CVA of explanation and correspondence from the European Association of Corporate Treasurers (EACT) relating to a proposal by the European Banking Authority (EBA) to remove an exemption for corporates (NFCs) relating to hedging activity with banking counterparties.
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In summary the upshot of this proposal by the EBA, if enacted, would be to increase the cost for NFCs of using OTC instruments for hedging purposes. The ...Continue Reading »
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 »