ISSB’s Standards are a Major Boost for Market Transparency on Sustainability
The recent launch of the International Sustainability Standards Board’s (ISSB’s) two standards for sustainability-related financial reporting – covering general requirements (IFRS S1) and climate-related disclosures (IFRS S2), respectively – is a major milestone in raising the status and promoting the standardisation of sustainability-related financial reporting globally. The ISSB has already received support from bodies such […]
Audio TMI – Navigating Treasury Curve Balls in 2022
Expecting the unexpected is de rigueur these days. So, we asked Peter Cunningham (Citi) to stand in left field, gaze into his crystal ball, and give us his predictions for the challenges and opportunities that treasurers might encounter in 2022.
Treasury First – 20 Years of the EACT
As the European Association of Corporate Treasurers (EACT) celebrates its 20th anniversary during 2022, it is an appropriate moment to reflect upon its journey from being a group of professionals largely concerned with their own national concerns, to the visionary, receptive, and respected organisation it is today. The first associations of corporate treasurers in Europe […]
Bats at the Ready! – Navigating Treasury Curve Balls in 2022
Expecting the unexpected is de rigueur these days. So, we asked Peter Cunningham, Managing Director, Head of Corporate and Public Sector Sales, EMEA, Citi, to stand in left field, gaze into his crystal ball, and give us his predictions for the challenges and opportunities that treasurers might encounter in 2022. The past two years have […]
Reporting Rules Changing for Crypto Assets
The $1tr. Bipartisan Infrastructure Bill, recently signed by US President Joe Biden, includes a tax code change that brings crypto under the tax reporting microscope. What does increased interest on the part of the regulatory authorities mean for corporates holding or considering such assets? TMI asked Antoine Scalia, Founder of specialist accounting software firm Cryptio, […]
Investment Challenges and Opportunities for Treasurers as ESG Drive Accelerates
Environmental, social and governance (ESG) is now a major area of responsibility for organisations – and treasurers have a crucial role to play in its implementation. A recent TMI webinar featuring Aberdeen Standard Investments, S&P, and corporate sustainability leader Tideway looked at the practical reality of rolling out ESG initiatives within treasury, with a focus […]
Crypto: Can it Ever Be Right for Treasury?
In an era where arguably even normally dependable gilts have shifted from being ‘risk-free returns’ to ‘return-free risks’, have cryptocurrencies such as Bitcoin finally become viable assets? Or has recent market turbulence, coupled with regulatory intervention, put a stop to treasury interest in this space? We explore the options – and take a pragmatic view. […]
Digital Gold Creating Yield for Treasurers
When the first ever government-backed, sharia-compliant, gold-based financial infrastructure was launched in Indonesia this month, it signalled new ways of thinking about corporate payments and yield generation. TMI decided to find out more. Payments systems come and go, with various capabilities attributed to each. But when one solution is touted as a “transformation of an […]
Advanced Financial Market Communication
Evidence From France The users of financial statements issued by French companies are able to analyse corporate performance and make better-informed decisions thanks to the higher level of disclosure required by the country’s financial markets supervisor. Could the benefits of France’s enhanced regulatory environment be leveraged to improve financial market communication more broadly? Internationally, several […]
Lease-Accounting-as-a-Service: Automating IFRS 16 Compliance
Consistently meeting the ongoing compliance requirements of the new lease accounting standard, IFRS 16, is no mean feat. The extra resources that finance leaders had at their disposal to meet the 1 January 2019 deadline have now faded away and senior stakeholders are expecting nothing short of a miracle from understaffed accounting teams. Could Lease-Accounting-as-a-Service […]
Corporate FX Hedging in Evolving African Markets
Unprecedented economic shifts in global markets have created uncertainty across the board, fuelling currency volatility particularly in emerging market economies. As a result African currencies tend to take the brunt the most, when compared to that of developed countries. Recently, major global central banks, such as the US Fed and ECB, have turned significantly more […]
IBOR Transition: Challenges and Impacts for Corporate Treasurers
South Africa’s major corporates seem not to have awakened yet to the fact that in a few years interbank offered rates (such as LIBOR and JIBAR) will transition to alternative reference rates. This transition will be one of the most significant transformations of interest rate benchmarks in the last 25 years, but are major corporate […]
Corporate Treasury at a Crossroads:
The Challenges and Opportunities in Modernising Treasury Operations Treasurers are struggling to modernise treasury operations at a time when the consequences of technological weaknesses have never been greater. The expanding role of the treasury function, accelerated pace of innovation, and greater complexity of market and cyber risks have placed more pressure on treasurers than ever […]
Maximising the Benefits of Leasing for the Treasury Function
New lease accounting standards have shone a spotlight on Lease versus Buy decision-making, as well as the effective management of leases. As such, now is the perfect time to consider ways to maximise the benefits of leasing for your organisation – from better supporting liquidity planning to garnering significant cost savings at the inception of […]
Flying the Standard: Taking IFRS 16 Leases to the Next Level
The new lease accounting standard, IFRS 16, is now in effect. Many companies are still getting to grips with the changes to their financial reporting, with all leases coming onto the balance sheet for the first time. But beyond initial implementation, IFRS 16 is also enabling companies to capitalise on the transparency the new standard […]
In Treasury We Care Too
The environment is still top of the global agenda as climate change continues to be a major cause for concern and the reason why numerous natural disasters and extreme weather events happen. At the same time, the push for Corporate Social Responsibility is gathering pace as members of Gen Z and millennials demand the implementation […]
The Future of Treasury Is Now – Are You Ready?
Everyone loves a sneak preview, and here Michael Spiegel, Head of Cash Management, Deutsche Bank, gives Eleanor Hill, Editor, TMI, an exclusive peek at the results of one of the hottest treasury surveys going. Read on to discover what your peers really think about the role of AI and blockchain within the treasury function. Also […]
Setting up a Treasury in Romania for Skanska
In 2011, after more than nine years running treasury and risk management in one of the largest construction companies in Poland, Skanska SA, I was invited to start the company’s operations in Romania, which would be concerned with construction and office development. The idea was to establish and finance an organisation that could support a medium-sized […]
Transforming Treasury Technology at Bombardier
Bombardier Transportation Group has a proactive strategy of investing in leading mobility solutions, capturing global growth opportunities and flawless execution. Vital to achieving this strategy is attracting and retaining key talent globally, demonstrating strong financial discipline, pursuing an active risk management strategy and committing to corporate social responsibility. As the group’s treasury team, we play […]
Agenda 2018: What’s Keeping Treasurers Awake at Night?
It’s that time of year when a crystal ball would be incredibly useful. As we navigate through the first quarter of 2018, Eleanor Hill, Editor, asks five leading treasurers what is top of their ‘to do’ lists for the year ahead – and discovers what pitfalls they will be actively trying to avoid. Turn the […]
IFRS 9 Bridges the Gap Between Accounting and Risk Management
For years, accounting and risk management have not always been fully in sync. Limitations in the prevailing accounting standard meant that firms were not always able to accurately reflect their risk management activities in financial statements. While the emphasis of accounting was on the forensics of company finances, risk management was traditionally focused on the […]
What’s at Risk? The Use of Sensitivity Analysis to Measure Your Portfolio’s Risk
‘Risk’ – a four letter word that has gained increased prominence since the financial crisis hit. More appropriately the lack of risk management is being blamed for helping to deepen the financial crisis. Companies are now focusing on the various types of risk management techniques available to them and the list is extensive: Liquidity, collateral, counterparty, market, […]