An international profession (TT JulAug05 p14-16)

The ACT has become a member of the European Associations of Corporate Treasurers (EACT). In October 2004 the EACT redefined its membership criterion to one based on the European Union and the ACT Council decided it was sensible for the ACT to join. The EACT has 15 organisations participating from 14 countries. Overlap exists between the EACT and the International Group of Treasury Associations (IGTA). Recently the EACT has focused on IAS 39 Financial Instruments: Recognition and Measurement, The Directive on Markets in Financial Instruments (MiFiD), the STEP proposals and payments harmonisation in Europe. Great emphasis is placed in EACT meetings on education, by both ‘old’ and ‘new’ Europe.

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