European corporates bear the brunt of US$9.82bn FX losses
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.
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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Beyond Brexit: future of financial services in the UK
A majority of global financial services firms don't plan to alter their presence in the UK post-Brexit, while 27% plan expansion in Britain.
Cybersecurity solutions to stop the fraudsters
Mastercard is the latest to upgrade its cyber offerings for businesses.
Bank of England outlines Brexit payment risks
The BoE's Financial Stability Report for December 2020 notes the additional information required for SEPA payments between the UK and EU.
UK firms grapple with Brexit trade reality
With the Brexit transition period ending in 23 days, research from both Lloyds Bank and HSBC explores the trade prospects for UK corporates.
How to wipe out UK’s £190bn corporate pension fund deficit
Research from PwC shows that a new approach to funding and investment could help firms eliminate the defined benefit pension deficit.
COVID impact on corporate pension schemes scrutinised
Summer easing of lockdown saw partial improvement in support for FTSE 350 pension schemes in the UK.
Volatility stifles significant growth in US business confidence
A Citizens index shows steady economic improvement, while The CFO Survey predicts employment and revenues to remain below pre-COVID levels until 2021.
Cybersecurity and fraud detection in the COVID-19 age
A recent SWIFT webinar explored how technology and awareness can help defend against payment fraud.
Business growth remains top priority for insurance CFOs
Data taken from an EY survey of CFOs across UK insurers shows COVID-19 hasn't hindered growth plans.
Northern Trust market forecast calls for 2.6% global growth
The firm's Capital Market Assumptions Five-Year Outlook predicts rates and inflation to remain low, stock returns in the 3.8-8.2% range.
UK business confidence rising, but remains negative overall
Business confidence rose for the third month in a row in the latest Lloyds Bank Business Barometer.
Finance function increases prominence in measuring organisational performance
A report from PwC and the ACCA has found the use of finance insights to evaluate organisational performance is on the up.
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.
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.