Click here to view the global results of the last EACT funding survey.
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28
FEB
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Addressing the ECON committee of the European Parliament, Richard Raeburn, EACT Chairman argues that the real economy should not bear any costs arising from the proposed Financial Transactions Tax
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7
FEB
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FEB
Future of Irish GAAP – Latest proposal
The Accounting Standards Board published its most recent proposals on the future shape and direction of Irish GAAP earlier in the week. While less radical than previous drafts, it does contain a number of mandatory changes as well as some optional elections that may serve to simplify the traditional corporate financial reporting structure.
This members’ update is for general information only and should not be regarded as a substitute for tax, legal or ...
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6
FEB
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Ernst & Young/Oxford Economics economic review for financial services for Winter 2012/2012
This report covers the main financial services areas, banking, insurance, asset management and has country forecasts for the major eurozone economies. There is also an analysis of the proposed Financial Transactions Tax.
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Derivative Valuation
Recently, there has been an increase in the use of OIS as a basis for valuing derivatives in the financial markets. Click here for a summary of the main strategic, operational and reporting issues ...
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20
JAN
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JAN
The general feeling amongst Treasury professionals for 2012 is one of resignation; resignation of the fact that we are entering into a new year that will more than likely be increasingly akin to those years that have gone before. The misplaced optimism that may have been evident in the preceding years since the start of the credit crunch (and subsequent sovereign debt crisis) is gone, as all participants in the market are now punch drunk with the negative sentiment and ...
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8
JAN
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JAN
EACT highlights European Union’s failure to consider real economy impact of financial regulatory proposals.
The European Association of Corporate Treasurers (EACT) has sent an open letter to the Commissioners of the European Union, expressing grave concern over how in its development of financial regulatory proposals Brussels takes account of their impact on employment, growth and stability in the real economy.
The letter has been signed by 188 European companies and its release follows that of a similar letter in January 2010, in ...
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9
NOV
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NOV
An interesting publication came to the attention of one of our committee members recently entitled the “The European Book of Jargon”.
The book is produced by Latham & Watkins LLP and in their introduction to the book they state:
The following is a link to the publication, which can also be downloaded as an iPhone, iPad and iPad Touch application.
We hope you enjoy it.
The Technical sub committee
This members’ update is for general information only and should not be regarded ...
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13
JUN
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JUN
In response to the request for comment, the European Association of Corporate Treasurers (EACT) has submitted a letter to the International Accounting Standards Board (IASB) in respect of their proposal to overhaul the accounting rules in relation to hedge accounting.
While supportive of the IASB’s endeavours and aims, the comment letter does make a number of points from its membership where it considers that the proposals may not go far enough.
These include:
- The need for the flexibility to de-designate hedges to be ...
31
MAR
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MAR
Hedge accounting: practical implications of the IASB’s proposals
The International Accounting Standards Board (IASB) has issued an exposure draft that proposes to overhaul the current requirements for hedge accounting under IFRS. The proposals address general hedging of financial and non-financial items and relaxes many of the onerous requirements of the existing rules that prohibited economically sensible risk management practices from achieving hedge accounting. The key provisions include
- The replacement of quantitative calculations (the 80% to 125% test) with a requirement for the ...
28
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