EC proposes cheaper euro payments for EU states
by Bija Knowles
First the ECB suggests that banks should raise fees to customers, then the Commission proposes making cross-border payments in euro cheaper across the entire EU
Cash & Liquidity Mngm in Europe
Background
Banks and other suppliers in Europe offer some of the most advanced cross-border liquidity management solutions available today. There are now several locations in Europe for managing global…
Read moreFinancial services optimism lowest since financial crisis
by Bija Knowles
Optimism in the financial services industry fell for the fourth consecutive quarter at the start of 2018, according to the latest Financial Services Survey by CBI/PwC
European treasury associations join forces with EACT
by Bija Knowles
The European Association of Corporate Treasurers has enlarged its membership to include members of Austrian and Romanian treasury associations
What Brexit red tape will cost EU and UK exporters
by Bija Knowles
£31 billion and £27 billion: the additional costs to EU27 exporters and UK exporters respectively, if no bespoke trade agreement is reached between Britain and the EU
Financial sector key to GDP growth – will it influence Brexit talks?
by Bija Knowles
Recent official figures confirm that the UK's financial and business services sector is one of the main drivers of economic growth
Brexit impact on employment, VAT… and schools
by Bija Knowles
Brexit is currently built on shifting sands but it will inevitably have a wide-ranging impact on businesses, the financial sector and its employees
91% of firms say Brexit is most serious challenge to the UK financial services
by Bija Knowles
Two reports – one from leaked from government and another published by CBI/PwC – say Brexit will have a negative impact on British business and financial services
Why European – and UK – businesses must prepare now for Brexit
by Bija Knowles
Businesses on both sides of the English Channel are being advised to prepare for Brexit now, as supply chains will have to be redesigned following 19 March 2019
73% of UK CFOs expect worse conditions post Brexit
by Bija Knowles
Brexit pessimism is running high among British CFOs, with three out of four expecting Brexit to lead to worse economic/business conditions in the long term
EBA publishes final guidelines on PSD2 security measures
by Bija Knowles
Guidelines for appropriate security measures to mitigate operational and security risks under PSD2 have been issued by the European Banking Authority
Four EU initiatives to deepen Economic & Monetary Union
by Bija Knowles
Even as the Brexit process progresses to stage two of negotiations, the European Commission is making clear its focus on building and reinforcing its own economic alignment
British industry urges rapid action to avoid ‘no-deal’ Brexit
by Bija Knowles
Walking away from Brexit negotiations would be “an act of gross irresponsibility”, putting jobs at risk while also risking EU-UK data flows, which underpin UK economy
EU banks in better shape – but NPL levels still at historical highs
by Bija Knowles
Further progress is needed on non-performing loans in Europe, according to the latest European Banking Authority report on risks and vulnerabilities in the EU banking sector
Road ahead to Brexit becomes clearer
by Bija Knowles
Earlier this week we had the first concrete action that provides a sample of what lies ahead on the road to Brexit
EBA CLEARING’s instant payment system RT1 now live; beginning of end for TARGET2?
by Jack Large
17 banks from eight countries connected to the pan-European platform yesterday, extending SCT Inst reach to 500+ PSPs across SEPA for payments up to 15,000 euros – across Europe in less than ten seconds
UK Finance sets out ambitious FTA framework for financial services post Brexit
by Bija Knowles
Even on WTO rules, the EU and UK banking and capital markets could remain accessible to customers across Europe after the UK leaves the European Union
“Automatically updates as changes occur across the globe” = peace of mind?
by Jack Large
Digital tools are delivering for corporate treasury as latest from Thomson Reuters, and BofA Merrill show
Corporates uneasy as insolvencies increase
by Bija Knowles
A growing number of UK companies are considering performance improvement and turnaround strategies, as the number of firms facing insolvency edges up, according to analysis by KPMG
Tepid reception for UK’s post-Brexit trade policies
by Bija Knowles
As the next round of Brexit talks resume in Brussels today, businesses and the trade industry have been digesting the contents of the UK's post-Brexit trade strategy, set out in parliament this week
Fintech and banks eye up business in Europe post Brexit
by Bija Knowles
As Revolut applies for a European banking licence – along with 20 global banks – the lack of progress in Brexit negotiations is raising doubt in the minds of financial and fintech executives
EU ministers set out finance agenda without UK
by Bija Knowles
The Eurogroup of finance ministers, minus the UK, met yesterday on 6 November 2017 to discuss issues including the development of the EU financial framework
What will a hard Brexit mean for British manufacturing?
by Bija Knowles
Baker McKenzie suggests that UK manufacturing exports in four key sectors to non-EU countries would need to increase by 60 per cent to offset the losses in a 'hard Brexit' scenario
Six proposals to accelerate EU Banking Union by 2018
by Bija Knowles
The European Commission issued a statement this week saying it will accelerate the completion of the EU Banking Union, with finalisation of all parts by 2018
How Monarch’s cash flow became critical
by Bija Knowles
Yesterday Britain's fifth largest airline went into administration after several bumpy years that have seen cash injections that haven't been able to keep huge industry pressures at bay