Tax, Accounting & Legal

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From Hedge Accounting to Strategic Hedging by Morten Buchgreitz, SVP and Group Treasurer, DONG Energy Hedge accounting under IFRS 39 or FAS 133, with future iterations, has created issues for many companies as they seek to balance the risk management needs of the...

Will the Cavalry Arrive in Time? by François Masquelier, President of the Association of Corporate Treasurers in Luxembourg (ATEL) and Honorary Chairman of the European Association of Corporate Treasurers This article addresses the problems of the way in which...

The TMI Tax Doctor: Cash Pooling Welcome to the second column of Tax Doctor. In this issue I look at a question around the differences in tax treatment between notional and target balancing cash pooling arrangements and also the value added tax (’VAT’)...

IFRS 9, the Long-Awaited Accounting Standard by François Masquelier, President of the Association of Corporate Treasurers in Luxembourg (ATEL) and Honorary Chairman of The European Association of Corporate Treasurers (EACT) In Charles Perrault’s folktale,...

ACT认证助您从容应对资金管理...

Reform of Credit Rating Agency Regulation in Europe: An End-investor Perspective by Joanna Cound, Managing Director, and Stephen Fisher, Director, BlackRock Ratings provide a benchmark or a reference point that investors use to evaluate a security or...

The TMI Tax Doctor: Debt Restructuring Welcome to the TMI Tax Doctor, which is designed to look at some of the tax issues associated with treasury globally. In this first column I answer a UK tax-related question around debt restructurings. I also address a second...

Whether or Not to Collateralise the Hedging Process: That is the Question by François Masquelier, Chairman, Luxembourg Corporate Treasury Association (ATEL) Whether we like it or not, in future the hedging of financial risks may never be the same again. As we...

Exposure Draft Hedge Accounting: Challenges or Opportunities? by Yin Toa Lee, Partner and Financial Services Leader, Ernst & Young, Financial Accounting Advisory Services, Asia Pacific Introduction The International Accounting Standard Board (the Board) completed...

UBS, or the Comedy of Repetition Philippe Messager, Chairman, AFTE – The French Association of Corporate Treasurers In the space of a few hours, Kweku Adoboli became as famous as Nick Leeson, Bernard Madoff and Jérôme Kerviel. Without breaking Mr....

The Importance of Standardisation to Today’s Treasurer by Carlos Gutierrez Salan, Global Head of Cash Management, Santander Global Banking & Markets Under the current economic climate, corporate treasurers are seeking to improve efficiencies and gain...

Don’t Knock Derivatives Absa Capital The global financial crisis has put derivatives firmly in the sights of regulators and media commentators, but for those who are charged with managing corporate treasury operations, it is important to cut through the hype and...