The Euro-Associations of Corporate Treasurers (EACT) has made public its annoyance over the IASB’s refusal to implement its proposed changes to IAS 32 and 39. Following a meeting in May – during which the Association adopted its 2003 report – the EACT noted: ‘We regret the IASB’s rigid attitude which leads them to ignore our proposals. On the basis of the latest drafts, we recommended their refusal to the European Commission.’ The EACT maintains its suggestions would lighten the administrative and costly burden fair value accounting could place on companies. At present, EU listed companies are expected to adopt new international accounting standards by 2005. Separately, the EACT offered its participation and support of the draft on the Code of Standard Practices for Participants in the Credit Rating Process and of the STEP report issued by Euribor-ACI.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more