• Different sized rocks balancing on 2 rocks

    IFRS 16: $2.8trn of operating leases must move on balance sheet

    With the removal of the distinction between financial and operating leases as IFRS 16 comes into force, more than $2.8trn of assets globally is set to come on balance sheet for IFRS and US GAAP reporting firms. Treasurers should pay attention.

  • Person shopping online on their iPad

    Online boom creates profit compression

    The multichannel shopping experience has been gaining traction for some time now and as a result, retailers are facing fierce competition and compressed profit margins in the challenge to deliver. With recent developments such as Sainsburys’ takeover of Home Retail in an attempt to broaden its customer base and gain access to a vast distribution network, we reflect on observations from a recent Fitch Ratings’ Credit Outlook Conference outlining the retail sector environment.

  • Red boxing gloves and black helmet

    Fighting ‘unintended consequences’

    Pressure is growing on European policymakers to rethink regulation introduced after the last financial crisis. We talk to someone who has been at the sharp end of the lobbying efforts for the past six years.

  • Gavel and legal book on wooden table

    Investors drive new IAS Cash Flow disclosure rules

    New rules set to come into force for annual periods commencing on or after 1st January 2017 as part of an amendment to IAS 7 will require companies to provide more information about changes in their financing liabilities.

  • Question mark in a foggy window

    Risk and low yield top treasurers’ investment concerns

    Money market reform comes into effect in the US later this year, and Europe may not be too far behind. But a new survey reveals that it is no longer the changing regulatory environment that most worries the corporate cash investor.

  • Bunch of wooden dice

    FX risk: taking a new look at hedging

    Despite the real risk of a company’s financial performance being directly or indirectly affected by FX fluctuations many companies in Asia Pacific still do not have an effective hedging strategy in place. Jean-Philippe Godard, Manager at DPC Asia Ltd. Hong Kong tells Treasury Today Asia why and how corporates can begin to change this.

  • Person cleaning window

    Are your systems due a ‘spring clean’?

    Driving efficiency, of course, always tops the corporate agenda. But in reality, if something isn’t broken, it is easy to overlook. Chris Jackson, Head of Cash Management and Payments, Mid Markets, for Lloyds Bank Commercial Banking believes the New Year provides a great reason to take a closer look at those processes which may have niggling issues – and advises who can help along the way.

  • Glass globe on top of an open notebook

    New rules for China’s budding MMFs

    New rules announced by the China Securities Regulatory Commission (CSRC) are set to bring the regulation of money funds closer in line with international standards. Will this bring greater choice for the corporate investor?

  • Sun bursting through the dark clouds

    Why treasurers are taking to trade receivable securitisation

    Treasurers at investment grade companies may not have too much trouble raising low cost finance through the traditional channels right now. But with continued bank regulatory uncertainty, they cannot count on that to last forever. Perhaps, some alternatives should be considered – for instance, trade receivables securitisation.

  • Glasses looking over city scape at night in focus

    Blockchain sets sights on commodities trade

    Blockchain technology is set to deliver transparency and visibility to the movement of physical commodities in the supply chain as a new prototype application gathers momentum. Integration with the trade finance function could be the next step.