Bank of America’s recently formed EMEA ESG Strategic Council has a number of important goals in its sights. TMI talks to the council’s leaders about how it will deliver and what it means for stakeholders. With a stated intention of becoming net zero by 2030, the long-term environmental commitments of Bank of America (BofA) are […]
Concerns that the might of the UK’s financial sector would crumble post-Brexit seem not have been justified – so far. Can treasurers rest easy? Chris Biggs, Partner, Theta Global Advisors, offers his views on what the future holds. Love it or loathe it, Brexit has brought about some major changes in the relationship between the […]
The European financial regulatory environment is one of the most homogenised in the world and yet it still forces corporate treasurers to stay constantly alert for local nuances, revisions and wholesale changes. With the current European Parliament’s term running from 2019 to 2024, now is a good time to cast an eye over what is […]
TMI, in partnership with Barclays, are delighted to share the results of a recent survey answered by over 300 of Europe’s leading corporate treasurers and CFOs. We discovered that 35% of respondents are looking to change bank account locations and 21% are reviewing their cash pooling arrangements. Discover more insights from the survey >
Prior to the coronavirus crisis, few corporates had thoroughly reviewed the way they processed their foreign currency payments. But with remote working and rapid digitisation, treasurers are starting to explore the benefits of automating their transactional foreign exchange (FX) workflows. Sat Khuntia, Head of FX Sales, Barclays Corporate, and Daniela Eder, Head of Payments & […]
Reaching customers through digital channels has become a priority for organisations during global lockdown. But reaping the benefits of a digital business model requires treasury to be fully connected to the company’s overall digital strategy. Srinivas Kasturi, Head of Mass Payments and Country Product Management, Corporate Banking, Barclays, and Daniela Eder, Head of Payments & […]
Although the EACT Summit unfortunately could not take place this year, 200 treasury professionals from across Europe shared their thoughts on treasury’s role and priorities as part of the EACT survey. Survey responses were received between 11 March and 15 April 2020, a period that coincided with the start of Covid-19 lockdown in many locations. […]
Despite the challenges, the UK’s departure from the EU is an opportunity for corporates on both sides of the channel to re-engineer treasury workflows, overhaul legacy processes, and revamp treasury models. Andrés Baltar, Head of Europe, Corporate Banking at Barclays and Daniela Eder, Head of Payments & Cash Management Europe, Barclays, share up-to-the-minute insights on best […]
As businesses across Europe accelerate their digital transformations, savvy corporate treasurers have a unique opportunity to secure enriched data insights, says Daniela Eder, Head of Payments & Cash Management Europe, Barclays. In turn, this could enable treasury functions to become fitter, both operationally and financially, assuming technology budgets are deployed strategically and cybersecurity is prioritised. […]
More than 100 delegates from seven countries gathered to share experiences at this year’s Central and East European Treasury Forum held in Brno, Czech Republic, from 3 October to 5 October. The national treasury associations of Austria, Croatia, the Czech Republic, Hungary, Slovakia, Slovenia and Romania met at the beginning of October to exchange ideas […]
As I write, the EU and UK negotiators have now agreed on a withdrawal agreement and very much an outline deal for the future relationship but the political messages are mixed on both sides. The UK’s offer appears uninviting to the EU: it’s between the UK crashing out of the EU without a deal or […]
Major South African banks have rather timidly started their journey towards implementing the Fundamental Review of the Trading Book (FRTB), the most significant transformation of the trading market risk framework for the last 20 years. This new capital requirement standard will have significant impacts on the cost of derivative transactions for corporate treasuries, as the […]
The world economy is arguably at a historical watershed. Think of an accelerated industrial revolution, rapidly developing new technology and a big shift in economic power from West to East. These trends are widely accepted, although their magnitude and speed may not be. Naturally, governments and corporates are redirecting their policies and strategies accordingly – […]
In this interview with Eleanor Hill, Editor, Gareth Evans, Group Treasurer of the leading international healthcare group Bupa, describes how his experiences on an industry graduate training scheme gave him an appreciation of the special perspective into a business which treasury provides, and what he learnt from his time leading the treasury team at Reuters during its […]
From money market fund (MMF) reform to new technologies, the way in which treasurers manage liquidity is evolving – or rather, it should be. Here, TMI examines some of the key changes happening in the liquidity landscape across Europe, the US and Asia. Industry experts also outline how corporate treasurers can prepare for these developments, […]
Driven by technological and regulatory change, the payments landscape is currently a hotbed of innovation. Deborah Mur, Head of Global Liquidity and Cash Management, HSBC France, highlights some of the latest developments – including a recent collaboration between HSBC and PayPal – and explains how corporate treasurers stand to benefit. She also outlines French corporates’ […]
Foreword by Lorcan Travers, 2017 President of the Irish Association of Corporate Treasurers The world of the treasurer has changed dramatically in the last ten years since the global financial crisis shone a spotlight on the need to manage risk and secure liquidity effectively. Ireland, a small, vibrant, open economy took the full impact of this financial […]
For many treasurers, Europe has historically been a benign environment for liquidity management. In contrast with regions such as Asia or Latin America, consistent regulation and unrestricted movement of funds has made for comparatively straightforward liquidity management. However, a variety of recent and forthcoming changes, including Brexit, bank ring fencing and the second Payment Services […]
Following the merger between Willis and Towers Watson, the newly created Willis Towers Watson found itself in 2016 with a set of legal entities in various jurisdictions that were used for treasury transactions by the two legacy companies. It was obviously not an effective structure for the future of Willis Towers Watson, and we felt […]
Among the proliferating numbers of business awards made every year to companies around the world, the annual European and Asian Leader Awards from Greenwich Associates are especially highly regarded by recipients and voters alike. TMI is delighted to introduce a special supplement devoted to these Awards, which recognize the excellence of banks in two categories, […]
