EBF advisor: Roger Kaiser
Publication date: 7 September 2018
In its comments of 7 September 2018 on the OECD BEPS Discussion Draft on the transfer pricing aspects of financial transactions, the EBF emphasises that the banking sector is subject to extensive regulation (incl. capital, liquidity and leverage requirements). In the EBF’s view, the main purpose of the revised guidelines should be about improving the standard of non-banks treatment of financial transactions. Therefore, the Discussion Draft should not replace or conflict with the OECD 2010 Report on the attribution of profits to permanent establishments of banks. The EBF also calls for the guidelines to provide flexibility to Multinational Entreprises (MNEs) as far as the application of the separate entity approach for the risk assumption is concerned.
“Head of EU Blockchain Pēteris Zilgalvis said that digital assets have enormous potential, as long as money laundering & fraud issues are addressed. He added that the EU is looking into the tokenization of digital assets &the use of smart contracts”Decrypt https://t.co/UEdhOdIyaI
A very relevant & welcome step from the “coalition of the will”: first comprehensive report from network of central banks for greening the financial system. Great summary of their 6 recommendations by @NVJRobins1 #NGFS @EU_Finance @EBFeu @UNEP_FI @bbva https://t.co/ozA07ntblp
EBF – INSEAD partner programme
“International Directors Banking Programme” is a new modular programme of three three-day modules at the INSEAD business school in Fontainebleau, France. The content is driven by the needs for bank directors and senior executives working in banks to review and update their corporate governance practices due to the many pressures they face, and will focus on the effectiveness of directors and boards. Successful completion by participants offers certification by INSEAD.
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