Industry roundup: 27 October
by CTMfile
FX Management & Crypto
Background
According to the latest Bank for International Settlements (BIS) survey of foreign exchange volumes, in 2013, almost $5.3 trillion in currencies globally are traded daily. The increasing…
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Facebook launches low-key pilot of Novi digital currency wallet
by Graham Buck
Facebook has launched a low-key pilot of Novi, its digital currency wallet, with a limited number of people in the US and Guatemala
BoE deputy calls for tough cryptocurrency regulation
by Graham Buck
Cryptocurrencies should be regulated as "a matter of urgency" to avoid potential financial contagion, the Bank of England has warned
BoA bullish on digital assets
by Graham Buck
A Bank of America report is upbeat on the future of digital assets including cryptocurrencies.
HKMA seeks answers to central bank digital currency questions
by Graham Buck
The Hong Kong Monetary Authority (HKMA) sounds a cautious note on the topic of central bank digital currencies (CBDCs)
CLS launches FX outstanding datasets
by Ben Poole
The datasets, which capture outstanding forward and swap positions, are designed to enhance FX market transparency.
OpenTreasury #2: Real-time cash/FX and sustainable investment monitoring
by CTMfile
Host Jack Large and Craig Jeffery of Strategic Treasurer cover real-time view of cash and FX, liquidity, and sustainable investment and monitoring
Currency volatility sees multinationals lose almost US$10bn in Q1
by Ben Poole
Kyriba's Currency Impact Report for Q1 2021 shows North American companies were particularly badly hit with US$5.87bn in negative currency impacts.
Deutsche Bank enhances FX platform
by Ben Poole
The bank has launched new features to help corporates manage new Vietnam FX hedging rules.
NatWest, Deutsche Bank among banks trialling intraday FX swaps solution
by Ben Poole
The trial aims to eliminate inefficiencies from the FX swaps market and provide more immediate liquidity.
HSBC multi-currency wallet aims to simplify international payments
by Ben Poole
The bank says its new solution lets businesses "pay like a local" in foreign currencies.
Bitcoin in your bank account?
by Ben Poole
FIS solution for banks will enable corporate clients to buy, sell and hold bitcoin.
The US$6.16bn cost of FX headwinds
by Ben Poole
Kyriba’s Currency Impact Report for Q4 2020 shows the cost of currency volatility on North American and European corporates.
Deutsche Bank executes world’s first green hedge with Continuum
by Ben Poole
The transaction used a specifically designed green hedge framework, with second party opinion issued by Cicero Green.
RMB’s strong start to the year of the Ox
by Ben Poole
Deutsche Bank predicts the RMB will remain strong against the US dollar through February.
First onshore hedge under Thailand’s new NRQC rules
by Ben Poole
Deutsche Bank arranged the market's first onshore hedge for a foreign corporate under the Bank of Thailand’s Non-Resident Qualified Company rules.
European corporates bear the brunt of US$9.82bn FX losses
by Ben Poole
Kyriba’s Currency Impact Report shows FX impacts on European companies increased by 126% in Q3 2020; decreased by 84% for those in North America.
Top 11 market structure trends for 2021
by Ben Poole
Following the mayhem of 2020, a report from Greenwich Associates explores the biggest market structure changes for the year ahead.
Market outlook 2021: Vaccinating against valuations
by Ben Poole
Research from Standard Chartered suggests most major equity markets should deliver strong returns in the new year.
CTMfile’s Top 10 for 2020
by Ben Poole
Our top 10 most read articles for 2020 show what has been top of mind for treasurers in a turbulent year.
Kyriba virtual event showcases treasury case studies
by Ben Poole
The Kyriba Global Summit, which starts next week, will be covering liquidity, payments, FX, supply chain finance, and much more.
Blockchain firms join forces to tackle global FX market inefficiencies
by Ben Poole
Fnality and Finteum are to build on R3’s Corda for a project that will initially focus on the interbank FX swaps market.
Treasury innovation at Alphabet, Dräger, and Peloton recognised by AFP
by Ben Poole
Google's parent company, a medical technology firm and a fast growing US exercise equipment company are the finalists for the AFP 2020 Pinnacle Award.
Negative currency impacts on corporates jumped 31% in Q1
by Ben Poole
A Kyriba report has revealed the FX impact from the start of the COVID-19 crisis on North American and European corporate earnings.