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 ...

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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 ...
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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.

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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 ...
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Transfer Pricing Methodology for Intra- Group Lending &Treasury Transactions

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 ...

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Technical Update – Accounting – Feb 2015

Offsetting Assets and Liabilities.

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.

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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 ...

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Technical Update – Accounting – Jan 2015

Ten key financial reporting reminders for corporate treasurers

As the year end reporting season takes full flight, we outline our top 10 reminders and developments for the reporting of the treasury numbers in the annual accounts.

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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 this document.

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IACT Member conquers Mount Everest

In our last edition of e-Treasurer we featured an article by IACT Member Derek Mahon who undertook an amazing challenge this April/May attempting to climb Mount Everest in support of GROW, a charity that supports mental health worldwide.

Derek successfully reached the summit after a grueling expedition. Click HERE to read an account of his journey.

 

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