• Black swan swimming in the water with a reflection of the sun

    Black swan: expecting the unexpected

    It happened ten years ago, but memories of Lehman Brothers’ collapse in September 2008 still strikes fear into the heart of corporate treasury. The paralysis in short-term liquidity markets and wider capital market dislocation made refinancing maturing corporate debt nigh on impossible. “Liquidity dried up across the whole financial market,” recalls Stephen Hogan, Vice President Regional Treasury Asia Pacific at Deutsche Post DHL Group, based in Singapore for the past 14 years.

  • Corporate and institutional money market funds in Europe

    Many corporates today are focusing on the need for safe investments in short-term high quality debt instruments. Money market funds were not immune to the banking crisis but still represent a good investment due to their safety of principal, same-day liquidity, convenience and competitive returns. In a preview of our forthcoming Best Practice Handbook, we look at the impact of the recent turmoil on money market funds and consider the regulatory response in the US and Europe.

  • European cash management

    When times are good, companies seek to increase profit and growth, with cash driving the business forward. When the economy slumps, however, companies are forced to look more closely at their cash: at how to manage it and how to preserve its value. Now, more than ever, effective cash management is essential, not only to survive, but also to gain competitive edge over struggling peers. Is your cash management approach up to speed?

  • Managing the Financial Supply Chain

    As board level executives realise the extent to which financial supply chain management (FSCM) can be instrumental in the success and profitability of a company, FSCM has come under the spotlight, and so has the treasurer. Are you up-to-speed with today’s financial supply chain management developments, practices and techniques?