Ten essential cash and treasury management questions for August 2016
by Kylene Casanova
Questions that will lead to action in today’s complex and regulated world
Operations
Background
The large majority of the work in a corporate treasury department is administration, transaction processing and non-discretionary decision making. This absorbs most of the time and resources in the…
Read moreWhy the “murky” world of corporate accounting needs reform
by Kylene Casanova
An article in the Harvard Business Review argues that financial reporting is still an imperfect and inaccurate measure of a company's financial value and health.
More than 50% of listed companies using IFRS
by Kylene Casanova
More than 25,000 of the approximately 48,000 domestic listed companies on the world's 85 major securities exchanges use International Financial Reporting Standards.
How blockchain could make financial markets safer
by Kylene Casanova
The importance of operational resilience in the financial industry has never been greater, according to a white paper, published by Finextra in association with IBM.
EU and the US step up financial regulatory cooperation
by Kylene Casanova
EU-US agreement will improve transparency, reduce uncertainty and work towards avoiding regulatory arbitrage and towards compatibility.
Section 385: Corporate outcry as US tries to tackle inversions and earnings stripping
by Kylene Casanova
The proposed amendment of Section 385 of the Internal Revenue Code was introduced in April as part of the US Treasury Department’s drive to tackle corporate inversions.
New framework for EU audit supervision
by Kylene Casanova
The European Commission has announcing the inaugural meeting of the CEAOB, which introduces a new framework for cooperation between audit regulators at EU level.
Algorithms will drive big decisions to lower risk – PwC survey
by Kylene Casanova
More than one-quarter of company executives are not taking advantage of available data and analytics but are simply “trying to survive in a state of disruption”, according to a PwC survey.
Financial industry still creaking under regulatory burden
by Kylene Casanova
The 2016 Cost of Compliance Survey by Thomson Reuters has highlighted the regulatory overload felt by the financial industry. Infographic summarises main points.
EACT Monthly Report On Regulatory Issues May 2016 - steady progress to report
by Kylene Casanova
The most depressing and useful summary of the development and progress on regulatory issues in Europe
“7,000 Data Protection Officers needed in the UK by May 2018” - Henley Survey
by Kylene Casanova
In order to comply with new EU data protection rules – regardless of Brexit
Attracting corporate treasury talent via social networks: make them want to join
by Kylene Casanova
Adam Gordon, CEO, Social Media Search explains how to attract the best treasury talent by exploiting the social networks
ESMA replies to EC on treatment of commodity derivatives trading under MiFID II
by Kylene Casanova
The European Securities and Markets Authority has published an official opinion on MiFID II and MiFIR, in response to comments from the European Commission.
Reinventing and transforming treasury to fit with ‘The Future of Business’
by Kylene Casanova
Sam Cooke understood future of corporate treasury: “You’ve got to accentuate the positive” (simplifying, focus on new ways of doing business), “eliminate the negative” (unnecessary complexity, things with no value)
EC launches targeted consultations on capital requirements regulation (CRR/CRD IV)
by Kylene Casanova
The European Commission has launched two targeted consultations on some of the principles within the Capital Requirements Regulation and Directive (CRR/CRD IV).
SEC actions against US financial firms’ subsidiaries up 50% in 2015
by Kylene Casanova
A new report shows a dramatic increase in the total number of enforcement actions initiated by the SEC against public company defendants and related subsidiary defendants.
“Compliance costs and complexity” are bugging financial industry
by Kylene Casanova
The topic of “excessive compliance costs and complexity” received the greatest number of responses to the EC's call for evidence on the EU regulatory framework for financial services.
EU’s country-by-country tax rules exclude 90% of multinationals
by Kylene Casanova
The European Parliament last week approved country-by-country reporting for MNCs but the rules will only apply to those with revenues above €750 million, leading to claims the tax rules have no teeth.
10 ways the EU data protection regulation could impact your company
by Kylene Casanova
Did you know that the EU data protection regulation could mean a €2.3bn boost for business? Here are 10 ways the GDPR will change things for businesses that process customer data in the EU.
Profit-shifting saves US companies $100bn a year
by Kylene Casanova
Tax rules introduced in the US last month took steps to make corporate tax inversions – when US companies move their tax residence overseas to avoid US taxes – less financially attractive.
Market and credit risks remain high in Q1
by Kylene Casanova
Uncertain EU and global economic outlooks keep liquidity risk at high levels, according to a Q1 report by the European Securities and Markets Authority.
IFRS guide shows standards are spreading globally
by Kylene Casanova
The IFRS Foundation has published its 2016 edition of the Pocket Guide to IFRS Standards showing that 83 per cent of the biggest economies in the world now require the standards.
ESMA amends MiFID II standards on non-equity transparency and position limits
by Kylene Casanova
The European Securities and Markets Authority has issued two proposed amendments to its draft Regulatory Technical Standards for MiFID II.
Investors and CEOs poles apart on incentives, skills and value creation
by Kylene Casanova
The divergent views and priorities of investors and chief executives regarding issues such as performance incentives, the availability of key skills and value creation are highlighted in a survey by PwC.