IBA calls for input on how corporates use Libor
by Kylene Casanova
ICE Benchmark Administration (IBA) has published a paper setting out the roadmap for the evolution of the London inter-bank offered rate (Libor) benchmark.
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Payments UK expands horizons as The Access Bank UK signs up
by Kylene Casanova
The UK's payments industry trade association has announced that The Access Bank UK has signed up to become a full member. What are the implications of this, in particular for corporate treasury?
fastacash - the ultimate omni-channel social payment platform breakthrough?
by Kylene Casanova
New business opportunities open up with a global platform which enables secure transfer of any type of payment, across any social and messaging channel, from or to any part of the world
Will blockchain undermine SWIFT’s monopoly?
by Kylene Casanova
SWIFT has announced a pilot for its global payments initiative to increase efficiency of cross-border payments. But is the SWIFT model ideal for corporates and could blockchain challenge its status?
Bank ICM delivery solutions are adjusting fast. Time for new partner banking?
by Kylene Casanova
Corporates are being forced to re-configure ICM structures as banks adjust their coverage and commitment to the transaction banking business. How should corporates react?
Taxidermy and dance classes: does your company receive ridiculous expense claims?
by Kylene Casanova
A survey of 2,200 US CFOs found that 23 per cent of companies have seen an increase in inappropriate expense requests in the past three years. The claims included a “doggie day spa” and taxidermy.
Global economic woes hit CFOs hard
by Kylene Casanova
Surveys by Deloitte and EY show growing unease among financial professionals with regards to the state of the global economy. Expectations are at their lowest since 2012.
FASB update: simplification of share-based payments and choice in hedging rule adoption
by Kylene Casanova
The Financial Accounting Standard Board has issued a new standard to simplify accounting for share-based payments, and also voted to let companies choose how they implement hedge accounting changes.
IASB convinced IFRS 16 will create transparency on leasing
by Kylene Casanova
IFRS 16 was issued in January this year and sets out standards for lease accounting. How will it affect companies that currently keep 85% of leases off balance sheet?
2015: 240 new corporate groups joined SWIFT, 47% with less than 1 Bn USD turnover
by Kylene Casanova
Global roll out continues with 44 in the Americas, 44 in Asia Pacific and 152 in EMEA, and 19%+ growth in message traffic
Corporate Reporting Dialogue seeks clarity in corporate reporting
by Kylene Casanova
A representative financial reporting standards body has published a comparison of reporting definitions and approaches by eight of the world’s most prominent organisations in corporate reporting.
BIS announces 2016 survey of FX and OTC derivatives markets
by Kylene Casanova
The Bank for International Settlements has announced the 11th Triennial Central Bank Survey of Foreign Exchange and Over-The-Counter Derivatives Market Activity.
Global use of renminbi for payments with China/Hong Kong up 18%
by Kylene Casanova
There has been an 18 per cent increase in use of renminbi (RMB) by financial institutions worldwide in the past two years for payments with China and Hong Kong, according to SWIFT data.
73% of US businesses subjected to payments fraud in 2015
by Kylene Casanova
Research by the Association of Financial Professionals (AFP) has found that almost three-quarters of companies in the US are targeted by criminals for payments fraud.
EPC to open SEPA scheme rulebook consultation until 4 July
by Kylene Casanova
The European Payments Council (EPC) has announced that consultations on the three existing SEPA scheme rulebooks will be open from 5 April to 4 July 2016.
FIS and PayPort accredited to supply access to UK’s Faster Payments
by Kylene Casanova
FIS and PayPort have gained accreditation to supply access to Faster Payments through the New Access Model, as part of the programme to create a new way to access the scheme.
Long road to get US B2B payments online
by Kylene Casanova
The majority of US B2B organisations now offer customers the option of purchasing online, according to a report by Accenture.
Collections from SMEs just got easier with Sage Smart Money Movement Solution
by Kylene Casanova
Change your business model by enabling your SME customers to collect money, make payments, and reconcile them through an automated single interface and account
CFTC eases regulatory burden for commodity trade options
by Kylene Casanova
The US Commodity Futures Trading Commission clarified its position on commodity trade options, enabling companies to address commercial risk more effectively.
SWIFT and CIPS to collaborate on cross-border interbank payments
by Kylene Casanova
SWIFT and the China International Payment Service (CIPS) have signed a memorandum of understanding (MOU) setting out their collaboration on China's cross-border interbank payment system.
Transaction banking feels the strain, revenues fall by 6%
by Kylene Casanova
Research by analytics company Coalition has recorded a drop in transaction banking revenues for the first time since 2010.
FRC urges shareholders to challenge UK companies on financial reports
by Kylene Casanova
The chief executive of the UK's Financial Reporting Council (FRC) has asked investors to encourage more transparent, relevant and thorough financial reporting from UK companies.
EU member states lead on Beps implementation, EY report
by Kylene Casanova
Most countries are moving cautiously in their response to the G20/OECD’s Base Erosion and Profit Shifting (Beps) project, although Europe is setting the precedent for tax reform.
Payments UK report on why Request to Pay will benefit corporates
by Kylene Casanova
A report published by Payments UK says that the 'Request to Pay' concept could benefit businesses in the UK by offering greater control and flexibility over outgoing payments.