Sterling hits six-month high as UK votes
by Kylene Casanova
Sterling hit a six-month high this morning, up 1.41 per cent against the dollar at $1.49, as British voters decide whether to leave or remain in the European Union in today's referendum.
FX Hedging & Risk Management
Background
There are three kinds of FX exposure: transaction, economic and translation that need to be managed: Transaction exposure arises when a company has a future receivables or payables that is denominated…
Read moreAre corporates ready for ‘violent currency swings’ on Friday?
by Kylene Casanova
Pressure is mounting with just hours to go before the UK votes on whether to remain or leave the European Union. Corporate treasurers are increasing liquidity and preparing for FX volatility.
CloudMargin’s low cost collateral management solution expands and adds many users
by Kylene Casanova
Collateral Management is growing in importance as regulators take steps to reduce risk in the derivatives markets
Cash flow forecasting needs Actively Open Minded Thinkers
by Kylene Casanova
Tim Harford, Senior Columnist, Financial Times, explains how open minded thinking is essential in forecasting and why Keynes was a better forecaster than Irving Fischer: “When facts change, I change my opinion”
Brexit is a really bad idea: UK sovereign rating will be downgraded from AAA and …
by Kylene Casanova
Moritz Kraemer, Global Rating Officer, Sovereign Ratings, Standard & Poor quietly and clearly explains why downgrading will be the first of many problems
FX global code of conduct to promote standards and efficiency
by Kylene Casanova
The Bank for International Settlements has published the first phase of the global code of conduct for global FX markets, aimed at raising standards and promoting fairness and efficiency in currency markets.
Banks losing FX market share to non-bank liquidity providers – survey
by Kylene Casanova
The success of non-bank FX liquidity providers such as XTX Markets and the loss of combined market share of the top five banks are two trends highlighted in this year's Euromoney FX survey.
Global FX market faces credit gap of $1.3 trillion
by Kylene Casanova
The global FX market has a 'credit gap' of about $1.3 trillion according to research, which could leave many stakeholders in dire straits but no one is addressing the problem.
Why treasury urgently needs to invest in FX risk management capabilities
by Kylene Casanova
Deloitte calls for investment in treasury's FX data processing and analytics tools, as FX exposures remain one of the weak spots of corporate treasury.
CFTC eases regulatory burden for commodity trade options
by Kylene Casanova
The US Commodity Futures Trading Commission clarified its position on commodity trade options, enabling companies to address commercial risk more effectively.
FASB paves the way for hedge accounting alignment with corporate risk management
by Kylene Casanova
The Financial Accounting Standards Board (FASB) is expected to propose changes that would address some of the differences between companies’ risk management strategies and the hedge accounting model.
Common approach for US-EU derivatives clearing counterparties
by Kylene Casanova
The European Commission has now granted regulatory equivalence for the US central clearing counterparties, used in derivatives contracts, as those CCPs in the European Union.
Corporates ill prepared for FX volatility ahead – Deloitte survey
by Kylene Casanova
Deloitte's survey of 133 FX risk managers is a response to recent volatility in the FX market over the past year and its impact on businesses. It gives a snapshot of how corporates expect to cope with volatility
How corporate treasurers should manage currency fluctuation risks
by Kylene Casanova
Deloittes Global FX Survey shows levels of uncertainties in 2016 are anticipated to be similar to 2015, WITH currency shifts making a significant impact on company profits & current volatility of sterling
US and EC agree common rules for derivatives clearing
by Kylene Casanova
The European Commission (EC) and the US Commodity Futures Trading Commission (CFTC) have agreed on common rules for central clearing counterparties (CCPs).
FX volatility catches corporates unprepared
by Kylene Casanova
FX volatility during the past year has put increased pressure on corporate hedging programmes, according to a survey by Wells Fargo.
FiREapps: Largest total of corporates reporting FX headwinds globally & in N America
by Kylene Casanova
The position in China is extremely worrying, with global impact and it is clear there’s much more to come
Extended trading hours seek to boost yuan’s global standing
by Kylene Casanova
Trading hours for China's currency, the yuan, have been extended for an extra seven hours as of Monday 4 January, amid global panic at share losses and weak renminbi.
BIS on why emerging market firms finance in dollar
by Kylene Casanova
The Bank for International Settlements has released its December issue of the BIS Quarterly Review, giving its perspective on credit to emerging markets denominated in US dollar.
European swap clearing to start in June 2016
by Kylene Casanova
ESMA announces firms will have to centrally clear certain classes of interest rate swaps starting from 21 June 2016, to comply with EMIR
RMB is second most used currency for Japan-China payments
by Kylene Casanova
China's currency has overtaken both the HK dollar and the US dollar to become the second most used currency for payments between Japan and China/Hong Kong.
Seven ways the RMB’s reserve currency status will affect corporate treasurers
by Kylene Casanova
The IMF has said that China's currency, the yuan, will be added to the reserve currencies basket under special drawing rights (SDR). But what does this mean for corporate treasurers?
What would MiFID II delay mean for treasurers?
by Kylene Casanova
ESMA has indicated MiFID II implementation could be postponed. What – if anything – does this mean for corporate treasury?
Central counterparty equivalence for five more countries
by Kylene Casanova
The EC has announced that the central counterparty regulatory regimes for Canada, Switzerland, South Africa, Mexico and Korea are now “equivalent” to regulation of EU CCPs.