PMPG agrees guidelines for intraday liquidity reporting
by Kylene Casanova
A payments industry body, the Payments Market Practice Group, has endorsed the use of Swift messages for compliance with new intraday liquidity reporting requirements.
All posts
European Parliament votes to adopt PSD2
by Kylene Casanova
The European Parliament has adopted the European Commission's revised Payment Services Directive (PSD2), paving the way for safer and more efficient payments across Europe.
Letters of credit alive and well as global trade risks increase
by Kylene Casanova
The annual International Chamber of Commerce (ICC) global survey on trade finance has painted an intriguing picture of positive market trends that bely increasing global business risks.
Fed approval of same-day ACH rules opens door to faster e-payments
by Kylene Casanova
Recent adoption and support for NACHA's same-day ACH rules will change payments in the US, paving the way for faster execution and new products.
Renminbi cross-border payment system goes live
by Kylene Casanova
China today launched its cross-border renminbi payments systems, the Cross-Border Interbank Payment System (CIPS).
Yuan pips yen to become fourth global payments currency
by Kylene Casanova
The Chinese renminbi has become the fourth most-used payments currency, as of August 2015, according to the Society for Worldwide Interbank Financial Telecommunications (Swift).
How to manage connectivity standards today and tomorrow
by Kylene Casanova
Connectivity Series #3: Volante experts Hamilton and Clarke discuss with Mondelez’s Mike Foye global progress, the effective combination of global/regional and local banks, and possible new services on the horizon
Pre-funding settlement model introduced by Faster Payments
by Kylene Casanova
The Faster Payments Scheme Limited (FPSL) has announced a new ‘pre-funding’ settlement system, which guarantees settlement between all payment participants, eliminating any shared risk.
Corporates face uncertainty and tax compliance burden, as BEPS announced
by Kylene Casanova
The base erosion and profit shifting project consists of a 15-point action plan that aims to put an end to multinationals being able to transfer profits to lower-tax jurisdictions in order to pay less tax.
Pelican Sanctions filtering service opens door to stress free life for corporate treasury
by Kylene Casanova
No more sanctions breaches with new service that gives the user a clear understanding of the risk profile of each customer, supplier and employee
EIU survey finds corporate treasurers focused on weak economy and FX risk
by Kylene Casanova
A combination of weak economic growth and volatility in foreign exchange markets are the dominant risks facing corporate treasurers, according to the Economist Intelligence Unit.
Call for comments on revised SEPA rules
by Kylene Casanova
The European Payments Council has launched a public consultation on a revised version of the rules that govern SEPA Credit Transfers and SEPA Direct Debits.
What your banks are reading: help on complying with Fatca
by Kylene Casanova
A report that clarifies the requirements of the US Foreign Account Tax Compliance Act (Fatca) for financial institutions and their customers has been published by Thomson Reuters.
Renewing EU securitisation is first step for CMU
by Kylene Casanova
New rules for the EU securitisation market could generate up to €150bn in additional funding for the European economy, according to the European Commission.
R5FX goes live with Latam FX trading
by Kylene Casanova
R5FX leading the market evolution from voice to screen in EM currency trading
EC unveils strategy for Capital Markets Union by 2019
by Kylene Casanova
The European Commission is due to announce its strategy for capital markets in Europe, which is intended to reduce the high dependence on bank funding by corporates.
Mobile wallets: Apple Pay v. Samsung Pay v. Google Wallet v. PayPal v. Bitcoin
by Kylene Casanova
CNN infographic shows the differences. Here’s how to identify which one you should accept at point of sale
FIS’s takeover of SunGard, “Don’t worry, be excited”, says Andrew Bateman
by Kylene Casanova
The new owner understands the dynamics of this industry and what is required to support and grow the business
R3’s distributed ledger initiative adds 13 additional bank members
by Kylene Casanova
Banks are commiting to distributed ledger technology to advance state-of-the-art technology in global financial markets. R3 now comprises 22 banks
EU’s consultation on modernising VAT for cross-border e-commerce
by Kylene Casanova
The EU has opened a public consultation on VAT rules for businesses selling online in Europe, with a view to extending simplified procedure to retailers of tangible goods.
ESMA publishes technical standards on MiFID II, MAR and CSDR
by Kylene Casanova
The European Securities and Markets Authority has published its final technical standards on some of the most important legislative measures to be introduced following the financial crisis of 2008.
EU and US issue joint statement on financial markets dialogue
by Kylene Casanova
A number of EU and US authorities have met to discuss regulatory developments in financial markets, as part of the Financial Markets Regulatory Dialogue.
No reward without risk: finance is top risk for corporates
by Kylene Casanova
Three-quarters of companies only evaluating their risk profile annually, limiting their ability to react to changes to their risk landscape.
EPC kicks off meetings for SEPA end-users and technical players
by Kylene Casanova
The European Payments Council aims towards greater SEPA transparency with kick-off meetings for technical players and end-users of payments schemes.