New rules for insider persons and companies in Sweden
by Kylene Casanova
The Market Abuse Regulation is due to come into effect in Sweden on 3 July 2016. It requires that companies keep a logbook and insider list.
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 moreIf you thought regulatory upheaval was over, think again
by Kylene Casanova
Last week the EC defined some of the crucial details for MiFID II and the US Chamber of Commerce said more regulation is on the way in 2016.
The Panama Papers: reverberations throughout the financial services industry
by Kylene Casanova
Maybe you never heard of Mossack Fonseca before this week but the fallout from the Panama tax evasion and money laundering scandal could touch all echelons of the financial services industry.
Taxidermy and dance classes: does your company receive ridiculous expense claims?
by Kylene Casanova
A survey of 2,200 US CFOs found that 23 per cent of companies have seen an increase in inappropriate expense requests in the past three years. The claims included a “doggie day spa” and taxidermy.
FASB update: simplification of share-based payments and choice in hedging rule adoption
by Kylene Casanova
The Financial Accounting Standard Board has issued a new standard to simplify accounting for share-based payments, and also voted to let companies choose how they implement hedge accounting changes.
IASB convinced IFRS 16 will create transparency on leasing
by Kylene Casanova
IFRS 16 was issued in January this year and sets out standards for lease accounting. How will it affect companies that currently keep 85% of leases off balance sheet?
Corporate Reporting Dialogue seeks clarity in corporate reporting
by Kylene Casanova
A representative financial reporting standards body has published a comparison of reporting definitions and approaches by eight of the world’s most prominent organisations in corporate reporting.
FRC urges shareholders to challenge UK companies on financial reports
by Kylene Casanova
The chief executive of the UK's Financial Reporting Council (FRC) has asked investors to encourage more transparent, relevant and thorough financial reporting from UK companies.
EU member states lead on Beps implementation, EY report
by Kylene Casanova
Most countries are moving cautiously in their response to the G20/OECD’s Base Erosion and Profit Shifting (Beps) project, although Europe is setting the precedent for tax reform.
MiFID II: the saga continues
by Kylene Casanova
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.
FASB clarifies issue of “agent or principal” in revenue recognition
by Kylene Casanova
The Financial Accounting Standards Board (FASB) has issued an update to clarify how to apply revenue recognition to entities that enter into contracts with customers to transfer goods or services.
Making financial reports easier to read? It won’t happen overnight
by Kylene Casanova
International Accounting Standards Board (IASB) member Gary R Kabureck explains what the board has been doing to make financial statement disclosures more legible and clearer for investors.
EC and ESMA yet to agree on draft MiFID II reforms
by Kylene Casanova
The European Commission has called on ESMA to rethink certain debated aspects of its draft MiFID II rules.
FASB simplifies use of equity method accounting in US
by Kylene Casanova
An accounting standards update issued by the Financial Accounting Standards Board (FASB) has simplified the process for companies to change to the equity method of accounting.
Draft technical standards for EMIR are published
by Kylene Casanova
The final draft regulatory technical standards for the European Market Infrastructure Regulation (EMIR) have been published.
How can corporate treasurers prepare for Fatca?
by Kylene Casanova
By now most financial professionals are well aware of what Fatca – the Foreign Account Tax Compliance Act – is and how it might 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
Shell’s global treasury management: the lessons from their centralisation journey
by Jack Large
Clear hard truths about cash management operations, service centres, and cash flow forecasting
‘One Treasurer’s Wish List’ for the good corporate treasury life
by Kylene Casanova
Phil John, EMEA Treasury Director for MARS suggests what banks and corporates have to do to achieve nirvana
Thomson Reuters helps to identify global tax credits and incentives
by Kylene Casanova
Thomson Reuters has announced the launch of a product that helps companies identify tax credits and incentives.
Corporates tackling increasing compliance with big data analytics
by Kylene Casanova
Increasing regulation is pushing financial firms to use the latest and most effective forms of analytics, according to a report by the SWIFT Institute.
Corporate reporting becoming ineffective, say CFOs
by Kylene Casanova
A survey by EY’s Financial Accounting and Advisory Services found that many chief financial officers are losing confidence in corporate reporting.
MiFID II delayed until January 2018
by Kylene Casanova
The Markets in Financial Instruments Directive (MiFID II) will come into force on 3 January 2018, meaning a one-year delay in its application.
Should you be thinking about a digital treasury shared-service model?
by Kylene Casanova
Shared-service centres offer compelling cost and operational efficiencies as digital technologies increase the possibilities for automation and analytics. So why are so few companies using SSCs for treasury?