Be Prepared!
MMF Reform Proposals Threaten LVNAV Viability for European Treasurers While treasurers might not feel the impact of MMF reforms in Europe for years, the proposed changes currently being debated at European Commission level endanger the utility of one of the most popular forms of MMF used by corporate investors across the continent. For corporate treasurers […]
How Treasurers Can Navigate Cash Markets in 2022
With central banks simultaneously trying to support economic reopenings post-Covid and manage a surge in inflation, the knock-on effect has been felt in both the short-term investment space and corporate cash management. Daniel Farrell of Northern Trust Asset Management, and James Douglas of Rabobank, spoke during a recent TMI webinar about how market trends may […]
MMF Reforms Risk Missing the Point
Money market funds are once again in the cross hairs of regulators in the US and Europe following a brief liquidity crunch in March 2020. Sebastian Ramos, Executive Vice President, Global Trading and Products, ICD, discusses the risks that over-zealous reforms could pose to the popular short-term investment instruments. During the global financial crisis of […]
Spotify’s Greatest Hits
Cash Investment Management With a subscription revenue model helping to enhance its cash flow forecasting, Spotify is able to manage a diversified investment portfolio through its treasury team and external asset management. Niklas Muhrbeck, Head of Financial Market Activities at Spotify’s Treasury spoke in a recent TMI and J.P. Morgan Asset Management webinar about his […]
How Cash Segmentation Can Enhance Short-Term Investment Prospects for Treasurers
Yield has been an issue for the short-term cash investments of treasurers, as poor rates and tightening regulation have dramatically lowered the performance ceiling of traditional investment instruments. A recent TMI and Northern Trust Asset Management webinar illustrated how a cash segmentation strategy of splitting cash into different strategic buckets can bring about higher returns […]
Time for Treasurers to Demand More Money Market Transparency
The money markets play a key part in the short-term investment programmes of treasurers. Reforms have helped them ride out the worst of recent events. But money markets could be better still, says one leading participant – and treasurers can help shape their development. Money market fund (MMF) reforms in 2016 and 2018 respectively in […]
The Starting Gun Has Fired on Money Fund Regulation 2.0
Global regulatory bodies have confirmed that a review of money market fund (MMF) regulation is underway – and there could be changes. Regulatory change could be material to the sector. However, at Fitch Ratings we don’t expect changes to be imminent: the last set of regulatory changes were implemented in 2016, eight years after the […]