Corporates can expect greater global tax reporting from January 2016
by CTMfile
Things are about to get a whole lot more complicated in terms of tax and reporting, for both corporates and the institutions they hold accounts with.
Bank relationships are vital. Bank Relationship Management (BRM) is a major task in any corporate treasury department and covers many other staff around the company. Often large companies use hundreds…
Read moreby CTMfile
Things are about to get a whole lot more complicated in terms of tax and reporting, for both corporates and the institutions they hold accounts with.
by CTMfile
“No amount of restructuring, management change or regulation is ever likely to change that.” Does this signal ever more turbulent times for big universal banking groups? How do corporates protect themselves?
by CTMfile
Banks announce pilots for early 2016 and government sets 2017 target for all transactions with citizens and businesses to be conducted electronically
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Org ID achieves milestone of 10,000 KYC Records from financial Institutions, funds and corporations
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New features in the eBAM service include electronic submission of supporting documentation for account administration and signer management (Updated with figure)
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Swift has launched a tool, Watch Banking Analytics Premium, that enables its banking customers to analyse their payments and trade finance traffic over the Swift network.
by CTMfile
A monitoring report has found that all internationally active banks meet Basel III risk-based minimum and Common Equity Tier 1 target capital requirements.
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More than 1,125 financial institutions have now signed up to Swift's Know Your Customer (KYC) Registry, which aids compliance with regulations to prevent financial crime.
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Will corporates be able to programme their own interface with their banks in future? The intersection of banking and application programming interfaces (APIs) is an increasingly hot topic.
by CTMfile
MasterCard pays out $61 million to settle with UK’s Tesco and suits from many other retailers to follow plus interchange fee caps are set to come into force by year end
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Steve Pulley, Global MD of Org ID at Thomson Reuters, describes dynamics of KYC, how corporates will be able to ask their banks to go to chosen provider to receive their KYC information, and future of KYC services
by CTMfile
The European Commission has started a consultation period to find out how the Capital Requirements Directive is affecting businesses and other areas of the economy.
by CTMfile
A survey of corporate treasurers and CFOs has found that risk management is the number one priority for financial professionals.
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The Basel Committee has published reports on India and South Africa, evaluating the consistency and completeness of their implementation of the Basel III standards.
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Even major investment firms - Stifel Nicolaus and BlackRock - are signing up for Thomson Reuters Org ID Know Your Customer Managed Service
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The EBA has set out clear circumstances that determine whether a financial institution can be considered to be ‘failing or likely to fail'.
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Extends understanding of bank fees and relationships. Today corporates can expect TMS to include bank fee analysis
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Banks are exchanging KYC data via service world-wide
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New industry initiative for financial market participants to standardize/centralize collection and distribution of client entity information. It’s KYC, FATCA & much more. Corporates will need to participate
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AFP asked their corporate treasurers whether there is a business case, as they believe that many U.S. companies currently do not have much incentive to adopt the ISO 20022 standard
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Basel III imposes major new requirements for bank balance sheets that will have a significant effect on the cost and availability of credit and treasury services
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First and only KYC service to successfully complete ISAE 3000 type 1 audit on the design suitability of its internal controls tied to transparency and the quality of its KYC managed services
by CTMfile
New industry-owned utility provides secure exchange of KYC information, supporting transparency and compliance
by CTMfile
Eight banks have 30+ corporate users and one has 325+, RBS went live in 2014, and as gradual, but positive, progress continues, and initiative to cover harmonization & new instruments starts