ECB sounds COVID-19 financial stability warning
The pandemic has greatly amplified existing vulnerabilities of the financial sector, corporates and sovereigns.
COVID-19
Background
The COVID-19 coronavirus pandemic has triggered the biggest global financial crisis in over a decade. In the financial services world, it has caused regulatory deadlines to be pushed back, while the…
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Fitch makes further economic forecast cuts, but global recession bottoming out
The ratings agency believes the slump in global economic activity is close to reaching its trough.
COVID-19 and the impact on digital payments
Two new reports consider the effect that the pandemic is having on cash and payments behaviour.
Can the pandemic be a catalyst for global trade digitisation?
Temporary concessions to digital trade instruments during the pandemic offer a tantalising glimpse at what could be.
Early impact of COVID-19 on European banks revealed
Deutsche Bank research shows the European banking sector suffered mild revenue and cost losses, but loan loss provisions spiked.
Payments Update: Rows and new technologies drive the industry forward
Payment card rows continue; new technologies and processes are used to fight COVID-19
COVID-19 rapidly reshaping banking and payments behaviours
New data from FIS shows 45% of Americans have changed the way they interact with their banks since the coronavirus outbreak.
What does COVID-19 mean for the climate change battle?
Two new research reports explore the impact the pandemic is having on efforts to tackle climate change.
Hiring and IT spend on the corporate chopping block
COVID-19 is forcing finance departments to make some tough spending cuts, according to Gartner research.
The fundamental question for your CEO: What is your transition plan to reach net zero?
Two sessions at the ACT’s virtual International Treasury Week showed that climate change is the no. 1 problem not the COVID-19 pandemic
Financial professionals predict painful recovery
AFP survey predicts the crisis lasting three quarters or more, Gartner data reveals lack of CFO planning for second wave of COVID-19.
Citi show digital channels and increasing digitisation are pivotal in continuity of business
Digital onboarding for Citi’s institutional clients expanded to 37 Countries in all regions and shows working remotely is no barrier
Instant payments to free up liquidity in Denmark
The country's Export Credit Agency and Tradeshift have partnered to unlock liquidity in the supply chain.
UK emergency loan schemes under pressure as new lenders added
Allied Irish Bank, The Co-operative Bank and Starling Bank are to join existing Bounce Back Loan Scheme accredited lenders.
CTMcast - 7 May 2020: State of corporate treasury, Ethical Payments Forum, & treasury systems future
Jack, Ben and Paul Stheeman review CTMfile’s posts over the last week
Treasurers’ liquidity actions suggest dire economic consequences
An AFP survey, underwritten by BMO, finds companies are putting off hiring and capex.
Ethical Payments Foundation targets silo thinking
EPF aims to join up the silos of disconnected expertise for emerging countries
CFOs and treasurers facing business confidence and interest rate pressures
Releases from both Deloitte and Bloomberg highlight the impact the crisis is having on corporates.
Crisis impact on European bank balance sheets revealed
A report from Deutsche Bank shows that banks' balance sheets grew substantially in March.
How financial services firms are confronting COVID-19
Fitch has assessed the downside scenario for global FIs, while a Deloitte survey shows how firms are learning from the pandemic.
Industry roundup: 4 May
News in brief covering a spike in corporate ransomware payments, the new EU-Mexico trade agreement, and more.
Rise in cybercrime as fraudsters exploit COVID-19
Microsoft and Temenos are the latest to try and address the spike in financial crime.
Boeing’s actions highlight severity of aviation cash and liquidity turbulence
The company's termination of Embraer joint ventures has reduced its cash needs at a critical time.
COVID-19 cyber and ESG implications for corporates
The employee factor looms large for companies in the fallout from the pandemic crisis.
COVID-19 links
Fitch: Coronavirus Impact Research Highlights
CTMcast
CTMcast – 30 October 2020: Global trade and supply chain trade finance, and digital consumer landscape
October 30 CTMcast focuses on Global Trade dynamics and Trade finance