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News and Updates
Also see Events for the latest information on IGTA members.
Update on Draft code of practices for participants
Summary on ratings for IGTA April 2005 | hereEACT elect new President from AFTE
At its general meeting in Monaco in May, the Euro-Associations of Corporate Treasurers (EACT) elected a new President. He is Pierre Poncet, 63, previously the Chief Executive of the French Association of Corporate Treasurers (AFTE), who has for many years been the Treasurer of Ciba, of which he was Director of Treasury and Credit Management before its merger with Sandoz in 1996.He joined AFTE in 1980 and has held many positions on its Administrative Council, notably being responsible for 11 years for the Lettre du Trésorier. He has a diploma from ENSAE (Ecole nationale de la statistique et de l’administration économique) and from the Carnegie Mellon Institute in Pittsburgh.
Richard Cordero, 51, formerly the Deputy Chief Executive of the French Association of Corporate Treasurers (AFTE), is succeeding Pierre Poncet as the Association’s Chief Executive. He was previously Treasurer of the Usinor Group (later Arcelor), for 18 years, responsible for AFTE’s euro project, and financial journalist in L’Agefi group.
Draft code of practice for participants in the credit rating industry
Click here to view the draft code
Basel II: The position of IGTA
While agreeing with the international regulators' concern that banking activities which have considerably changed over the past years require a more appropriate framework, the IGTA makes the following comments
IAS 32-39: The position of IGTA
IGTA supports the principles behind IAS 32-39 but believes changes need to be adopted before it can be implemented. For the combined press release (page 1) and full response (pages 2-4) in PDF format please click here
IGTA 2004 Annual Meeting
At the kind invitation of the Finance and Treasury Association of Australia, the 9th Annual Meeting of IGTA Members will be held on 13/14th November in Sydney. FTA kindly invited IGTA to host the meeting after the FTA annual event.Information about the FTA's annual event here
Final agenda here
For further info about FTA , click here
EACT lobbies for changes in IAS39
The Euro using Associations of Corporate Treasurers (EACT) have lobbied the International Accounting Standards Board for changes to IAS 39, 'Accounting for Financial Instruments'. To see their comments and the outcome, click here (pdf). Also available in Ms Word format here
