Seven ways the financial industry can benefit from blockchain technology
by Kylene Casanova
Euroclear and Oliver Wyman have jointly published a white paper on the potential of blockchain technology and how it could be used and adopted.
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 moreEC cracks down on money laundering and terrorist financing
by Kylene Casanova
The European Commission has announced an action plan to tighten money laundering controls and crack down on the financing of terrorism.
EC announces new measures for “fair and efficient” EU tax
by Kylene Casanova
The European Commission has announced further proposals for a coordinated EU-wide response to address corporate tax avoidance, following global standards developed by the OECD last autumn.
Why OECD’s new tax rules will be a treasury disrupter
by Kylene Casanova
The OECD's proposed review of international tax laws are likely to affect the daily activities of corporate treasuries, including liquidity management, FX, cash management and intercompany financing.
2,000 sign up to SWIFT’s KYC registry in first year
by Kylene Casanova
Just one year on from its launch, more than 2,000 financial institutions have signed up for SWIFT's Know Your Customer registry.
Inconsistent insurance cover for cyber risks leaves businesses exposed
by Kylene Casanova
Are companies being let down by poor coverage of cyber risks in conventional insurance classes? A new report says insurers are not offering adequate cover for the risks of cyber crime.
Jay Rayner: ‘The 12 things that restaurants must stop doing in 2016’
by Kylene Casanova
Get rid of the tiny tables and put in some lights so I can read the menu. Pleaaassse …
IASB brings lease accounting into the 21st century
by Kylene Casanova
The International Accounting Standards Board's new IFRS 16 Leases is a major revision of how companies account for leases, replacing requirements that are 'no longer fit for purpose'.
EU rules Belgian tax breaks for multinationals are illegal
by Kylene Casanova
Some 35 multinational companies will have to pay back €700 million following a ruling by the European Union yesterday (11 January) to end tax breaks offered by the Belgian government.
2016 VAT rate and threshold changes
by Kylene Casanova
Meridian Global Services report on new rates and thresholds for Europe
On the seventh day of Christmas my friend gave me tips on how to:
by Kylene Casanova
Improve the overall EFFICIENCY of my Corporate Treasury Department by getting the balance between insourcing and outsourcing right
On the second day of Christmas my consultant sent to me:
by Kylene Casanova
Suggestions on how to minimise the administration burden of banks’ and other institution’s Know Your Customer programmes
The realities of treasury outsourcing
by Kylene Casanova
WEBchat with Pat Leavy, CEO, FTI Treasury on the realities of the business from the supplier’s point of view
‘Tobin tax’ is a step nearer as 10 EU countries reach agreement
by Kylene Casanova
Ten eurozone countries have agreed on the basics of a tax on financial transactions, with the details, such as exact tax rates and how its proceeds will be allocated, due to be finalised in June 2016.
European swap clearing to start in June 2016
by Kylene Casanova
ESMA announces firms will have to centrally clear certain classes of interest rate swaps starting from 21 June 2016, to comply with EMIR
Banks voice concern at evolving crime and poor enforcement
by Kylene Casanova
A report has found that some of the UK's biggest banks spend as much as £660m each year on AML compliance but are concerned about their ability to effectively combat emerging risks.
Banks ditching correspondent model amid compliance woes
by Kylene Casanova
Anti-money laundering requirements have prompted some banks to pull back from correspondent banking, according to a report by PwC.
Meridian integrates with SAP NetWeaver for automated & compliant tax processes
by Kylene Casanova
New level of integration with SAP®ERP enables full tax automation of sales, purchases, VAT ID validation, reporting and analytics
Corporates can expect greater global tax reporting from January 2016
by Kylene Casanova
Things are about to get a whole lot more complicated in terms of tax and reporting, for both corporates and the institutions they hold accounts with.
What would MiFID II delay mean for treasurers?
by Kylene Casanova
ESMA has indicated MiFID II implementation could be postponed. What – if anything – does this mean for corporate treasury?
US corporate tax reform: What, when, who and how much?
by Kylene Casanova
Reform of US tax is a topic that elicits much debate and feeling in the corporate world, probably because there are so many questions and very few certainties.
IFRS 9 for corporates: what does it mean and are you ready?
by Kylene Casanova
Adoption of IFRS 9 is two years away – or less for early adopters. What are the implications for non-financial corporates and how can they ensure compliance with the new accounting standards?
Central counterparty equivalence for five more countries
by Kylene Casanova
The EC has announced that the central counterparty regulatory regimes for Canada, Switzerland, South Africa, Mexico and Korea are now “equivalent” to regulation of EU CCPs.
EMIR standards on data reporting updated
by Kylene Casanova
The technical standards on data reporting requirements under the European Markets Infrastructure Regulation (EMIR) have been updated.