China’s regulator targets supply chain finance fraud
Recent cases involving allegations of fraud have persuaded the CBIRC that tighter controls are needed
Risk Management
Background
Risk is the potential that a chosen action, including the choice of inaction, will lead to a loss or an undesirable outcome. Any business carries some risk, but some are much more risky than others.…
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ETFs “are no Harry Potter product”, claims industry
The European Systematic Risk Board (ESRB) warned that exchange traded funds pose a possible systemic risk to the financial system
KPMG partners on blockchain for telecom settlements
The Big Four accounting firm is pooling resources with a trio of tech giants, TOMIA, Microsoft and R3, on the initiative
India looks further afield for corporate funding sources
The government is reported to be in talks with foreign lenders, as India’s banking system might not provide the US$14.5bn sought
Geopolitical tensions increase Singapore’s treasury appeal
The city state’s political stability, plus transparent legal and regulatory systems, make it an attractive corporate treasury location
Corporates respond to prospect of lengthy trade war
With a prolonged, even deepening US-China trade dispute likely, companies are looking to banks for trade and financing solutions
Blockchain loses its allure for investors
With bitcoin and other cryptocurrencies restored to favour, blockchain investment this year could be 60% down on 2018, data suggests
US farming sector’s working capital ‘critically low’
The past five years have seen a massive drain in its liquidity and the country’s current trade disputes aren’t helping, a study finds
Market volatility widens FX losses for North American companies
Four consecutive quarters of increasing losses saw the figure climb to US$23.4bn in the first three months of 2019, reports Kyriba
Australian banks told to beef up capital buffers
Three of the country’s Big Four are each requested to set aside an additional A$500m by the Australian Prudential Regulation Authority
Climate change litigation ‘a growing threat to profitability’
New regulation, strategic litigation and emerging duties of care impact on corporate assets, investment and supply chains a study finds
New blockchain accelerator attracts Amazon and Deloitte
A total of 20 ‘blue chip and crypto firms’ are said to be involved with the accelerator, dubbed Startup Studio
UK survey shows businesses inactive on late payments
One in three firms paid late failed to chase up outstanding invoices, reports Lloyds Bank Commercial Banking
SmartStream analyses intraday liquidity management
A white paper notes the move beyond reporting positions to also include actively managing and controlling intraday liquidity
Nestle trials public blockchain for dairy supply chain
The Swiss group, which has already experimented with the technology, is aiming for even greater transparency
Neo gets green light for corporate multi-currency account
The ‘open network for the smart economy’ plans to launch the multi-currency account in four countries in early 2020
Funding access improves for Singapore businesses
Business lending in the city state is buoyant thanks to continued government support and innovations such as P2P crowdfunding
EMEA treasurers expect shift to non-bank services
Newer providers of services from payments to FX platforms and liquidity pools are increasingly in demand, a Finastra survey suggests
Escalating trade tensions crimp corporate investment
The bellwether JP Morgan Global Manufacturing PMI saw its lowest reading since October 2012 last month, raising economic concerns
Climate change – a damage limitation exercise
The outlook is bleak, but momentum is building to stave off the worst extremes as global warming's impact for business becomes clear
Fitch highlights European high-yield fund risk
After the Woodford Equity Income episode, the ratings agency says the sector “appears to be operating with significant liquidity risk"
UK government unveils Green Finance strategy
The Treasury wants the country’s financial services sector to be at the centre of policies to combat climate change
More UK defined benefit pension plans are cashflow negative
Strong equity returns in 2017 and rising yields last year “helped many DB plans to move closer to their endgame,” reports Mercer
Treasury management systems ‘falling short of needs’
There’s increased recognition of technology as a risk management enabler, but many TMSs aren’t full supportive, a Citi survey finds