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RBS and BNP Paribas announced a referral arrangement that will help cash management and trade finance customers affected by the RBS decision, earlier this year, to scale back its corporate and institutional banking network across the world. Speaking to Treasury Today, the banks explain how they will be working together to ensure a seamless transition for RBS customers wishing to migrate to BNP Paribas.
Basel III has already pushed up the cost of banking services for a number of corporates. The question is, do treasurers feel that the changes have ultimately been for the greater good?
According to new research, there is such a thing as ‘too polite’. The British inclination for good manners and excessive politeness could be costing the country’s businesses millions – all in order to avoid causing offence.
Treasury Today are delighted to report that Christine McCarthy, recently celebrated as our 2015 Woman of the Year at our Adam Smith Awards, has been named Senior Executive Vice President and Chief Financial Officer of The Walt Disney Company, effective immediately.
Employees in Asia Pacific (APAC) are frequently put off from working for companies which are perceived to be acting unethically, according to the 2015 EY APAC Fraud and Corruption survey. With the war for talent already fierce in the region, what can businesses do to improve their ethics and how can the treasury help with this?
The role of the forensic accountant is rather like that of the detective: piecing together small threads of detail from disparate sources to build up as full a picture of an event as possible. Treasury Today talks to an experienced practitioner.
With the Indonesian regulators recently passing a new law that prohibits the use of the US dollar for quotations and onshore transactions, corporates are rushing to comply before the 1st July deadline.
As we saw last week, blockchain technology has the potential to dramatically disrupt and improve financial workflows and drive a number of benefits – yet in many cases, these are just ideas or concepts. However, there are some pioneering companies that have moved beyond the concept stage and built working solutions using blockchain technology.
Wikipedia, the online reference site, is written collaboratively by the people who use it. In fact, users are encouraged to contribute to and edit almost every page – and one person has decided that the best change he could make would be to turn the site’s 11.5 million entries into old-fashioned printed encyclopaedia volumes.
New players are growing rapidly in Asia, helping to fill the region’s burgeoning trade finance gap. And, as Treasury Today discovers, they are not banks.