CTMcast - 7 May 2020: State of corporate treasury, Ethical Payments Forum, & treasury systems future
by Jack Large
Jack, Ben and Paul Stheeman review CTMfile’s posts over the last week
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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Treasurers’ liquidity actions suggest dire economic consequences
by Ben Poole
An AFP survey, underwritten by BMO, finds companies are putting off hiring and capex.
Ethical Payments Foundation targets silo thinking
by Jack Large
EPF aims to join up the silos of disconnected expertise for emerging countries
CFOs and treasurers facing business confidence and interest rate pressures
by Ben Poole
Releases from both Deloitte and Bloomberg highlight the impact the crisis is having on corporates.
Crisis impact on European bank balance sheets revealed
by Ben Poole
A report from Deutsche Bank shows that banks' balance sheets grew substantially in March.
How financial services firms are confronting COVID-19
by Ben Poole
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 2020
by Ben Poole
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
by Ben Poole
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
by Ben Poole
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
by Ben Poole
The employee factor looms large for companies in the fallout from the pandemic crisis.
Protecting cash flow and payments during COVID-19
by Ben Poole
A blog from the ECB looks at how to support electronic payments, provision of banknotes, market infrastructures and cyber defences.
Card companies build on initial COVID-19 response
by Ben Poole
Mastercard and American Express have come out with new initiatives in the past week.
US economic indicators reveal initial COVID-19 impact
by Ben Poole
Data from Citizens Commercial Banking and U.S. Bank shows the early tumult caused by the pandemic.
Industry roundup: 28 April 2020
by Ben Poole
News in brief featuring Volante Technologies, RBC, and the British Business Bank.
Treasurers not expecting financial normalcy until early 2021
by Ben Poole
Global Crisis Monitor from Treasury Coalition also shows some reasons for optimism from treasurers.
The new working practices revolution due to COVID-19
by Jack Large
What senior managers and CIOs need to do to adapt to the new normal
CFOs preparing for revenue decline as unparalleled global recession underway
by Ben Poole
Fitch Ratings has slashed its global GDP forecasts, while a Gartner poll reveals the COVID-19 toll on corporates.
Report assesses initial US bank performance in the corona crisis
by Ben Poole
The report from Deutsche Bank Research suggests the current crisis may pose a greater threat to European banks than those in the US.
CTMcast - 23 April 2020: How corporate treasury is going back to basics
by Jack Large
Jack and Ben review last two week’s posts and discussions
ICC looks to digital to ease trade finance market disruptions
by Ben Poole
Guidance calls on governments and central banks to immediately void the legal requirement for paper-based documentation.
Financial support aims to help Australian companies bounce back
by Ben Poole
The Australian government launches A$500m facility for exporters, while supplier payment terms are under scrutiny in a new proposal.
Industry roundup: 23 April 2020
by Ben Poole
News in brief including CLS, PayFit, SAP, and more.
UK SMEs face £20bn HMRC furlough payments cash flow gap
by Ben Poole
An estimated 8 million salaries in the UK will be paid to furloughed employees every month between now and the end of June.
Industry roundup: 22 April 2020
by Ben Poole
News in brief from Basware, Barclays, The World Bank, and Nacha.
COVID-19 links
Fitch: Coronavirus Impact Research Highlights
CTMcast
The end of cheap money - TREASURY NEWS - OpenTreasury Podcast #47
This week's top stories in Treasury & Cash Management.