How Private Equity Firms Incur and Manage FX Costs
Many private equity firms find themselves exposed to currency movements in their day-to-day operations yet give FX risk management very little consideration, says Joe McKenna, Global Head of Institutional Solutions, MillTechFX. Here he lays out the ways in which such businesses might incur FX risk – and how they can mitigate this. As private equity […]
What is the Strategic Role of MMFs Today?
This podcast explores the strategic advantages of MMFs as a secure and liquid investment option, particularly crucial in today’s volatile market environment. Hear from Peter Wong (Standard Chartered), Sandrine Rougeron, and Patrick Simeon (Amundi) on how to effectively incorporate MMFs into your investment strategy to ensure capital preservation and liquidity, as well as returns.
Listing Rules Reform: UK Debt Capital Market Set for a Boost?
The Financial Conduct Authority (FCA) is embarking on the most significant set of reforms in the UK capital markets in a generation, the aims of which include improving investor access to non-equity securities (i.e. bonds). If implemented, these could see retail investors being able to access regulated and typically investment grade bonds on the primary […]
Smart Treasury: Top Tips for Future-Proofing Your Department
‘Smart treasury’ is no longer just a future consideration for companies: corporates of all sizes are already embarking on their digital journeys and reaping the benefits. In our recent podcast, Victor Penna, Global Head of Structured Solutions, Standard Chartered, and Olle Malmgren, Executive Director Structured Solutions Development, Europe, Standard Chartered, explained how treasurers can make […]
Asia’s Top Treasury Hotspots
Businesses seeking the best location for a treasury hub have to weigh up many factors ranging from tax incentives to political risk. Here, David Blair offers an insight into the pros and cons of five Asian financial centres. Asia has evolved rapidly this century, especially from a treasury perspective. From the internationalisation of Chinese yuan […]
Beyond the Covid-19 Shock: Revisiting Capital Allocation
As the challenge of surviving Covid-19 gives way to the potential for growth, how can CFOs and treasurers make sure they’re ready for any opportunities that lie ahead? For corporates, the next phase of the Covid-19 challenge is beginning. After a conversation dominated by the tragic human cost of the pandemic and, from a business […]
The Dangers of Negative Interest Rates
Are negative interest rates really good for treasurers, and for the world economy in general? There are admittedly some benefits, but there are many more drawbacks. Perhaps a return to zero rates would bring the greatest overall benefit. A few years ago, the unthinkable happened: negative interest rates were introduced. Investors could no longer rely […]
The Added Value of Centralised Cash Management under BEPS
What would be the correct price (i.e., the arm’s length transaction) of a cash transaction under BEPS (Base Erosion Profit Shifting) Actions 8-10? That’s a key question which every treasurer of an international group needs to address. The right answer is far from easy to apply, but the guide currently being finalised for issue by […]
Learning How to Grow Return on Capital Employed
Back in 2012, Bonduelle shareholders and top management workshopped a new vision for the company. The result was an ambition to be the world reference in ‘well living’ through vegetable products. With this in mind, Bonduelle launched a progressive initiative of 22 projects called VegeGo! to help reach this goal. One of these projects looked […]
Setting up a New Treasury Centre for WTW
Following the merger between Willis and Towers Watson, we reorganised and streamlined the newly combined group’s treasury function and decided to set up a new treasury centre in The Netherlands. The plan for the new centre was to consolidate and unify treasury activities from the two legacy companies, improve visibility and transparency and service all […]
Optimising the Balance Sheet for Resilience & Flexibility
Corporate business leaders have never faced more complex challenges in anticipating, understanding and responding to new business trends, and positioning their organisations accordingly. Increasingly, new technologies, industry players and societal trends are disrupting the way that competitive advantage is achieved, and what it means to be a global corporation when the concept and benefits of […]
Leveraging Technology to Drive Treasury Transformation at Alhokair
The business and consumer environment in Saudi Arabia has changed significantly in recent years in line with evolving economic conditions. Consumers have become more cautious in their spending habits and more price-sensitive than in the past when purchasing not only luxury goods, but everyday items too. Although Alhokair is the number one retailer in the […]