Neo gets green light for corporate multi-currency account
by Graham Buck
The ‘open network for the smart economy’ plans to launch the multi-currency account in four countries in early 2020
Financial Risk Management
Background
Financial risk is made of three basic types: market risk - FX risk, interest risk and commodity risk; counter-party risk - credit and partner risk; and liquidity risk - risk that the company will not…
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Funding access improves for Singapore businesses
by Graham Buck
Business lending in the city state is buoyant thanks to continued government support and innovations such as P2P crowdfunding
EMEA treasurers expect shift to non-bank services
by Graham Buck
Newer providers of services from payments to FX platforms and liquidity pools are increasingly in demand, a Finastra survey suggests
Escalating trade tensions crimp corporate investment
by Graham Buck
The bellwether JP Morgan Global Manufacturing PMI saw its lowest reading since October 2012 last month, raising economic concerns
Fitch highlights European high-yield fund risk
by Graham Buck
After the Woodford Equity Income episode, the ratings agency says the sector “appears to be operating with significant liquidity risk"
More UK defined benefit pension plans are cashflow negative
by Graham Buck
Strong equity returns in 2017 and rising yields last year “helped many DB plans to move closer to their endgame,” reports Mercer
Treasury management systems ‘falling short of needs’
by Graham Buck
There’s increased recognition of technology as a risk management enabler, but many TMSs aren’t full supportive, a Citi survey finds
BoE governor: Many firms ‘unready for no-deal Brexit’
by Graham Buck
Mark Carney believes three in four UK businesses have done as much as they can, but 150,000 firms would be unable to export
Turkey introduces cheaper liquidity facility
by Graham Buck
The Central Bank of Turkey announced earlier this week that primary dealer banks would be able to access cheaper funding
Payments fraud makes heavier impact on UK companies
by Graham Buck
Despite higher levels of awareness and precaution, businesses are losing more and recovering less, a survey suggests
Poland’s Alior Bank uses blockchain for document authentication
by Graham Buck
The Warsaw-based bank will allow customers to check on their authentication and integrity using the public ethereum blockchain
Twelve banks join Acin operational risk management platform
by Graham Buck
The regtech start-up said Credit Suisse, Standard Chartered and Société Générale are among the dozen to have signed up
Trump tariffs create working capital strains for US firms
by Graham Buck
Companies are resorting to various measures in response to the administration’s tariff-heavy trade policy, a report finds
Big tech a threat to financial stability, warns IMF
by Graham Buck
The concentration of power among a small number of mega corporations is a concern, says IMF chief Christine Lagarde.
Fraudsters target Australia’s instant payments system
by Graham Buck
Westpac, one of the country’s big four banks, revealed that its PayID lookup function had been infiltrated.
Ford collides with China’s antitrust regulator
by Graham Buck
The US motor giant’s Changan unit is fined US$23.6m with warnings that a list of “unreliable” foreign businesses is being compiled.
Netherlands central bank concerned by financial stability threats
by Graham Buck
The prolonged era of low interest rates offers little incentive for reducing debt loads, warns De Nederlandsche Bank (DNB).
Stripe adds chargeback protection feature as option
by Graham Buck
Available to Stripe users in North America and Europe from today, the feature is priced starting at 0.4% per transaction.
Moody’s supports new liquidity requirement for India’s non-banks
by Graham Buck
The new LCR, to be phased in from April 2020, is among a number of measures introduced since the demise of a major lender last autumn.
Bank of America warns trade wars to dent US corporate profits
by Graham Buck
The bank’s top stock strategist warns clients that the S&P 500 has yet to reflect the impact the US-China trade dispute may have on ear
Boom in captive insurers writing third-party risks
by Graham Buck
The digital era is driving double-digit growth as technology makes it easier for companies to offer insurance to customers and supplier
Trump tax breaks ‘saved US corporations US$91bn’ in 2018
by Graham Buck
The Tax Cuts and Jobs Act passed in late 2017 cut the rate of corporate tax from 35% to 21%, but many companies reduced it further.
Strong customer authentication rules ‘may dent EU internet economy’
by Graham Buck
The new legislation risks making an impact of up to €150bn when it is introduced this September, warns Stripe.
More shipping companies join IBM-Maersk blockchain consortium
by Graham Buck
The TradeLens initiative unveiled last August has recruited two new major names from the shipping industry to the platform.