Ten essential cash and treasury management questions for August 2016
by CTMfile
Questions that will lead to action in today’s complex and regulated world
Investing
Background
Investment is the placement of a company's surplus liquidity either in the financial markets or the use of the excess liquidity internally within the company. The main objective of investment is to improve the return on the surplus liquidity over leaving the monies in a non-interest bearing bank… Read more about Investing
AFP Corporate Cash Indicators® - show companies not confident to invest internally
by CTMfile
Finance professionals anticipate that cash accumulation will continue at an accelerated pace through the summer (highest since July 2011)
Finance professionals remain cautious about holdings outside U.S. - AFP survey
by CTMfile
Safety concerns dominate as only 42 percent of organizations made changes to their cash and investment balances outside the U.S. from May 2015 to May 2016
ETFs to rise above $7 trillion by 2021, report finds
by CTMfile
Significant growth in the exchange traded funds market over the next five years is expected to be driven by expansion into new markets, developing distribution channels and asset classes.
Britain files for divorce from EU: financial markets go on magical mystery tour
by CTMfile
Brexit is a victory for uncertainty across international financial markets. This is no Armageddon. There will be opportunities where “a good fund manager will prove to be invaluable”, Nigel Green, CEO, deVere Group
% rates NOT going up any time soon, so is your internal hurdle rate way too high?
by CTMfile
RBS’s Chief Economist, Stephen Boyle, shows why low rates are here to stay for years and makes plea for corporate treasurers to get rid of unnecessarily high internal hurdle rates for projects
Warren Buffett’s epic rant against Wall Street: Hedge Funds are worst than S&P index
by CTMfile
Buffet bet in 2006 that the Vangard S&P 500 index fund would be better the 5 Hedge Funds: by end 2015, the S&P 500 index fund had a cumulative return of 65.7%, outdoing the hedge fund teams’s 21.9% return
Market and credit risks remain high in Q1
by CTMfile
Uncertain EU and global economic outlooks keep liquidity risk at high levels, according to a Q1 report by the European Securities and Markets Authority.
US money market reform may spur 50% cash exodus
by CTMfile
Moody's Investors Service has warned that up to 50 per cent of investor assets are likely to leave US prime money market funds (MMFs) ahead of major regulatory reforms in October.
Companies look to corporate venture investment for innovation and returns
by CTMfile
The total amount of venture capital investments has grown from $76 billion in 2010 to $142 billion in 2015, according to research by the Boston Consulting Group.
MiFID II: the saga continues
by CTMfile
The European Securities and Markets Authority (ESMA) has responded to a letter it received last week from the European Commission on certain aspects of ESMA's draft MiFID II rules.
What do ECB rate cuts mean for companies?
by CTMfile
As the European Central Bank yesterday cut two of its main interest rates, corporate treasurers may be wondering how the new stimulus package will affect them.
CTMfile web-site revamp: faster, & more responsive design for all devices + RANTS
by Jack Large
Hear the anguish in our RANTS and enjoy the clarity and speed on your desktop, tablet and phone
ESMA publishes first supervisory convergence work programme for 2016
by CTMfile
European Securities and Markets Authority are changing their focus from single rulebook to supervisory convergence work
Uncertain global economy drives cash accumulation by AFP US members in 4Q 2015
by CTMfile
Corporate Cash Indicators® survey showed US companies holding onto cash as increasing geopolitical risks, severe decline in most equity markets, volatility in commodity & currency prices + prevailing uncertainty
On the tenth day of Christmas my investment guru gave me five tips on how to:
by CTMfile
Identify and invest spare cash world-wide
Will ESMA’s MiFID guidelines on investment advice be effective?
by CTMfile
The European Securities and Markets Authority has published its final report on MiFID II guidelines for the assessment of knowledge and competence.
No rating changes expected as Fitch updates Global MMF Ratings Criteria
by CTMfile
Fund managers may adjust their MMFs following the release of the new criteria and Fitch would expect those changes to be made by end-January 2016
Insights into the fund selection process
by CTMfile
This insight into the fund selection process from research firm ECR Research can give corporate treasurers an understanding that can help ensure that cash is well placed.
Uncertainty for repos: becoming unprofitable due to Basel III, & other pressures..
by CTMfile
ICMA study looks at how the repo market in Europe is changing in response to regulatory pressures. Must read for those who want to understand the pressures in the repo market and its future
The pitfalls and opportunities in RMB repo
by CTMfile
Repurchase agreements remain a crucial investment option for RMB money market funds. While China's repo markets provide less transparency for investors, there are opportunities nonetheless.
Corporates rethinking collateral management in light of recent regulation
by CTMfile
A report produced by Aite Group for Euroclear has highlighted the current challenges and opportunities facing treasurers and collateral managers in Europe’s capital markets.
Most companies need to change asset allocation policies to cope with new normal
by CTMfile
SunGard’s 5th annual corporate cash investment survey reveals more surplus cash with corporates continuing with money market funds as they battle to overcome regulatory restrictions and lack of options
ETF industry set for huge growth by 2020
by CTMfile
A global survey of the exchange traded fund (ETF) industry has indicated that ETFs are having a growing impact on the funds and asset management industry as a whole.