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In the first part of this two-part case study we looked at how acquisition had turned a hitherto simple treasury operation into a “complex global organisation with no central systems or processes”. Part two brings the technology-led solution to simplify, standardise and centralise operations up to date.
As technology becomes more and more commonplace in corporate life, the risk of cyber-attack is increasing. Treasurers must be vigilant, as the financial risk associated with cyber security breaches is significant.
Starting in Australia and moving to London via Hong Kong, New York and a number of other locations around the world, Carole Berndt’s career can be characterised by seizing opportunities – even when that means moving out of her comfort zone. From insurance to IT and banking, Berndt firmly believes in encouraging everyone to develop their own voice.
This month’s question
“How will treasurers be affected if all money market funds are required to switch to VNAV?”
Recent data suggests that the US economy is growing faster than the Fed anticipated. This high growth in the US, paired with low interest rates, could create a cycle of increased lending and still further growth that would put upward pressure on bond yields worldwide. Despite vowing not to raise the short-term interest rate, the Fed may have to act in order to stem inflation and prevent a knock-on effect abroad.
In the last four years global corporations have lived through some of the most volatile times in the $5.3 trillion a day foreign exchange market. The volatility started with the global financial crisis, swiftly followed by the sovereign debt crisis in the Eurozone and, in more recent months, volatility in safe-haven currencies such as the Japanese yen and the Swiss franc. Talk of turning off the liquidity taps by the US Federal Reserve Bank also highlighted some structural weaknesses in emerging market economies such as India, which saw the rupee record some of its biggest falls against the US dollar in more than two decades.
Some experts believe that the arrival of the bank payment obligation (BPO) marks the biggest change in international trade settlement in over 30 years. But what exactly is the BPO and what does it have to offer for corporate treasurers?
Back in the 1990s, Argentina was being hailed as a rare Latin American success story. But following ten years of spectacular economic growth, the nation became embroiled in a crisis that would ultimately lead to the largest sovereign debt default in history. In this article, we explore the origins of the 2001-2002 Argentine debt crisis and consider what lessons the episode might hold today – whether for Europe’s troubled debtors, or for the government and bank officials once again tackling a currency crisis in Argentina.
In this, the first of a five part series, we examine RMB investments in China. What are the available options and how can treasurers benefit from the ongoing liberalisation of the RMB?
More risk, more regulation, more data, more analysis; these are the watchwords for treasury technology as we move into 2014. Treasury Today rounds up a selection of industry players and asks them what they see on the horizon.