EC to overhaul corporate prospectus requirements for accessing capital markets
by Kylene Casanova
An agreement has been reached on making it easier and quicker for businesses to raise funds in the European capital markets.
Financing Short-Medium Term Deficits
Background
In cash and liquidity management the primary objective is always to minimise the cash deficits that need financing. And when there are cash deficits, to minimise the overall cost of the financing…
Read moreECB makes “unprecedented” move into corporate debt purchasing
by Kylene Casanova
In a move that the Financial Times calls “truly unprecedented”, the European Central Bank (ECB) has today begun its corporate sector purchase programme (CSPP).
‘New CP’ to replace France’s CP market, amid reform initiative
by Kylene Casanova
Euroclear has announced reforms to modernise France's commercial paper market, giving the 'titres de créances négociables' a new name, although the legal nature of the negotiable debt securities remains the same.
NSFR rule will force US banks to hold more cash
by Kylene Casanova
US regulators have proposed a new rule that would require the nation’s largest banks to hold sufficient amounts of stable funding to guarantee liquidity for a period of one year.
Basel Committee proposes definitions for problem loans
by Kylene Casanova
The Basel Committee on Banking Supervision has published a consultation document on how banks should treat non-performing loans under Basel III.
Three trends affecting capital flows in the EU
by Kylene Casanova
The European Commission has published a document giving a summary of the main developments regarding freedom of payments in the EU.
SAP Ariba partners with PrimeRevenue - will this transform financial supply chain?
by Kylene Casanova
Key players are getting together to iron out the disconnects in the financial supply chain. When two of the biggest players get together, what will happen? Frictionless trade?
IASB convinced IFRS 16 will create transparency on leasing
by Kylene Casanova
IFRS 16 was issued in January this year and sets out standards for lease accounting. How will it affect companies that currently keep 85% of leases off balance sheet?
Independents become more important in receivables financing as banks dominate
by Kylene Casanova
Flexibility of the non-bank asset backed financing platforms, such as Demica’s, is vital in financing new business opportunities
Seven ways the financial industry can benefit from blockchain technology
by Kylene Casanova
Euroclear and Oliver Wyman have jointly published a white paper on the potential of blockchain technology and how it could be used and adopted.
Tackling illiquidity in corporate bond markets
by Kylene Casanova
Corporate bond markets are a key funding source for companies but they are facing regulatory and liquidity challenges, as discussed at a recent ESMA event.
Fixed income’s opportunities for new players - report
by Kylene Casanova
A report by BNY Mellon and Pershing discusses the evolution of fixed income trading, which is in a state of transition, as well as the challenges and opportunities for new platforms.
Alternative funding could signal shift in IPO activity
by Kylene Casanova
The number of global IPOs in 2015 fell by 2% to 1,218 IPO listings, while total capital raised declined by 25% to $195.5 billion, according to EY's report, Global IPO Trends: 2015 4Q.
Flexible funding of the supply chain is vital in today’s turbulent market
by Kylene Casanova
For corporates the differences between the funding platform’s functionality and flexibility is key and will determine who dominates the supply chain finance business
ESMA publishes guidelines on complex debt instruments under MiFID II
by Kylene Casanova
In accordance with MiFID II, the European Securities and Markets Authority has published its final report on guidelines on complex debt instruments and structured deposits.
Should corporates and banks beware of repo?
by Kylene Casanova
Quantitative easing, Basel III and low interest rates are causing a 'perfect storm' in the repo markets. Will corporates benefit from this and how will the situation pan out in the longer term?
Alternative finance could yet become key funding source
by Kylene Casanova
Despite a 25% decrease in use of alternative financing since 2014, almost 50% of corporates expect this funding source to become more important in the next five years.
SEC opens up crowdfunding opportunities for US corporates
by Kylene Casanova
The SEC has adopted final rules to permit companies to offer and sell securities through crowdfunding – as part of the Jumpstart Our Business Startups (JOBS) Act.
EC unveils strategy for Capital Markets Union by 2019
by Kylene Casanova
The European Commission is due to announce its strategy for capital markets in Europe, which is intended to reduce the high dependence on bank funding by corporates.
EU tax committee calls for sanctions on uncooperative corporates
by Kylene Casanova
A European Parliament special committee on tax has shown its frustration at the lack of cooperation with its investigation into tax competition from some of the biggest corporates based in the EU.
Are global banks in better shape thanks to Basel III?
by Kylene Casanova
A monitoring report has found that all internationally active banks meet Basel III risk-based minimum and Common Equity Tier 1 target capital requirements.
Market risk at highest level for European securities
by Kylene Casanova
The Trends, Risks and Vulnerabilities Report, which covers market developments from January to June 2015, found that market risk in European securities markets has increased.
e-invoicing developing and maturing world-wide as US mandates for B2G in 2018
by Kylene Casanova
Establishment of e-invoicing practices and platforms sets up the biggest source of revenue generation available to corporate finance and treasury departments today
Global Financial Market Liquidity study warns of reduction in 2ndary liquidity
by Kylene Casanova
PWC research suggest early warning signals that regulation and other market factors are contributing to a reduction in certain aspects of secondary market liquidity which is being exacerbated by………