Oil prices and COVID-19 blamed as ABN Amro retreats to core business
The bank has discontinued all trade and commodity finance activities following a €5m net loss in Q2 2020.
Operational Risk Management
Background
The basic purpose of the corporate treasury department is to ensure that there is sufficient cash available for the company to operate, and that interest rate and foreign exchange risks are…
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Major banks continue ESG momentum
Both Citi and HSBC have recently announced strategic solutions to tackle climate risk.
The shift in finance leaders’ priorities
As the top global 100 companies start to rebound from Covid-19, payment delays are the key concern for 65% of finance leaders.
US firms to decrease cash holdings due to worsening business performance
The AFP July 2020 Corporate Cash Indicators has found that US corporates are accumulating cash as a defensive measure.
UK businesses battered by COVID-19
Two new reports reveal that UK companies have felt a stronger impact from COVID-19 than companies globally.
CFOs anticipate a slow recovery as COVID-19 weighs on risk appetite
Deloitte's latest CFO Survey finds two-thirds expect capex to decrease in the next three years due to the COVID-19 pandemic or Brexit.
FTSE 350 companies issue record levels of profit warnings
33% of the UK’s listed companies issued a profit warning in the first half of 2020, according to an EY report.
Most US businesses operating at reduced capacity
Despite a subdued economic outlook, a JPMorgan Chase survey finds businesses remain confident in themselves and most expect to thrive.
Economic plight dominates current CFO concerns
A PwC survey has found that the global economy and new COVID-19 wave are top of mind for CFOs.
CFOs optimistic on safety as lockdowns lift
As work sites slowly start to reopen, a PwC survey finds CFOs optimistic they can keep customers and employees safe.
Mastercard initiative to inform business and government economic response efforts
The firm's Recovery Insights tools and research aims to provide data analysis to help companies and governments bounce back from COVID-19.
ECB sounds COVID-19 financial stability warning
The pandemic has greatly amplified existing vulnerabilities of the financial sector, corporates and sovereigns.
Fitch makes further economic forecast cuts, but global recession bottoming out
The ratings agency believes the slump in global economic activity is close to reaching its trough.
New BSI standards cover supply chain management, biz continuity and more
The risk and business continuity standards are designed to help UK firms not drop the baton as they deal with COVID-19.
Steep fall in Australian business activity let by services sector
Coronavirus is increasingly impacting Australian businesses, according to initial results of CBA’s monthly Purchasing Managers Index.
Changing goalposts for corporate treasurers
Greenwich Associates report on the USA corporate treasury market shows the changing dynamics of today’s corporate treasury department
CTMcast - 5 March 2020: Review of key recent posts and Coronavirus crisis
Jack and Ben reviewed last week's stories and the Coronavirus crisis with Kyriba's Bob Stark
DLT implementations leaving gaps in security?
A DTCC paper calls for a coordinated strategy to develop a principles-based framework for DLT-specific security risks.
Cyber risk tops concerns for US financial professionals
The 2020 AFP Risk Survey also found that organisations are better prepared to assess risk.
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Short-term outlook good for the cash ‘dinosaur’
The prognosis in a new Deutsche Bank report is less positive for plastic bank cards or the primacy of the US dollar.
Can you cope with instant payments and the instant data economy?
Instant payment systems recent developments, but how many corporate treasury departments can do real-time data and liquidity management
Keep control with RPAs – the new macros
How experience with RPAs is building up
Predictive analytics reaching for ultimate visibility and control
Splunk and Access Fintech show the huge potential