Global news and insight for corporate financial professionals
MILESTONE：INDIA By Kim Iskyan On the first day of 2013, the Indian government formally launched a program to distribute subsidy benefits and social welfare payments directly to the bank accounts of recipients. Photo Credits: PAWEL PIETRASZEWSKI/ Shutterstock.com Once the ...
REGIONAL WINNERS By Anita Hawser and Rebecca Brace BEST TREASURY & CASH MANAGEMENT PROVIDERS 2013: REGIONAL WINNERS Best Overall Bank for Cash Management North America Bank of America Merrill Lynch Latin America Citi Western Europe Deutsche Bank ...
GLOBAL WINNERS By Anita Hawser and Rebecca Brace BEST TREASURY & CASH MANAGEMENT PROVIDERS 2013: GLOBAL WINNERS Best Overall Bank for Cash Management Citi Best White Label System Provider BNY Mellon BEST OVERALL BANK FOR CASH MANAGEMENT ...
BEST IN SHOW By Anita Hawser and Rebecca Brace Global Finance presents the winners of its Treasury & Cash Management Providers Awards 2013. This year, we have expanded our evaluation process to include a survey of our corporate ...
A HOUSE OF CARDS By Karen Kroll Companies are consolidating purchasing and expense card programs and are starting to extend programs globally. But gaining supplier acceptance still remains challenging. As companies’ supply chains become increasingly multinational, a ...
JUMPING THROUGH HOOPS By Kathryn Tully In the hunt for demand and revenue, securities lending in emerging markets sounds perfect, but big obstacles still curtail liquidity. Faced with falling demand and tighter regulation in North America and ...
MILESTONES：GLOBAL By Luca Ventura “For the first time in regulatory history, we have a truly global minimum standard for bank liquidity,” announced the head of the Basel Committee on Banking Supervision, Bank of England governor Mervyn King, during a ...
NEWSMAKERS: UK By Erik Heinrich Mark Carney, governor of the Bank of Canada, will have a new job next year. Post-Libor scandal, UK appoints outsider Carney Photo Credits: CARNEY: REUTERS/MARK BLINCH Starting in July, Carney will cross ...
CORPORATE FINANCING NEWS: MERGERS & ACQUISITIONS By Gordon Platt Mergers and acquisitions could gain traction in 2013, following a disappointing year for dealmaking activity in 2012. Although the global economic outlook remains clouded, there are plenty of ...
NEWSMAKERS: MEXICO By Valentina Pasquali Still struggling with drug-related violence that has killed more than 60,000 people in the past six years, Mexico is a country on the mend. Finance minister, Videgaray, will target energy and fiscal ...
BUILD OR BUY? By Rebecca Brace As regulation and competition in the transaction banking space spur higher levels of technology investment, banks and vendors have found new ways of working together. The demands on global transaction banks ...
MILESTONES: IMF By Luca Ventura “Temporary capital controls might prove useful,” Christine Lagarde said to the audience gathered at the Malaysian Economic Association in Kuala Lumpur in November. Lagarde at the IMF takes a marked departure on cross-border ...
UNCHARTED WATERS By Denise Bedell At SWIFT’s annual Sibos conference in October, corporates were treated to a range of presentations on topics as diverse as reference data, BPOs and Asian treasury centers. The corporate stream at Sibos ...
A CONTROLLING INTEREST By Rebecca Brace Cash visibility and control keeps treasurers awake at night, but thanks to rising use of new standards and technology, attaining a clearer picture is becoming much easier. Controlling the company’s cash ...
THE STARS ALIGN By Rebecca Brace As treasurers seek to optimize liquidity and working capital, cash and trade solutions are increasingly in sync. Treasury and trade used to be two separate disciplines. But in recent years there ...
MILESTONES: SLOVENIA By Valentina Pasquali With all eyes on the much larger Spain and Italy, Slovenia might actually turn out to be the next eurozone country in line for a bailout. Bets are on as to whether ...
DOMINANT REGIONAL PLAYERS By Kathryn Tully Since 2002, Global Finance has honored the best trade finance banks by region and by country based on a number of criteria, including technological innovation, transaction volumes, global coverage, customer service and ...
HIGH TECH MEETS THE LAW OF INERTIA By Paula Green Treasurers wanting to move to high-end forecasting solutions still face an uphill challenge. Even when a treasurer wants to move to a high-end system for forecasting cash, ...
First and foremost, it reduces administration and documentation, and vastly reduces the time-to-payment on secured trade account receivables. With an L/C at site it can typically take 10-14 days to receive funds—while awaiting documents to arrive. But with a BPO ...
The impact of Basel III on trade was a key topic of discussion at Sibos. As one delegate said: “We have grave concerns around local regulators’ interpretation of liquidity coverage ratios and minimum capital ratios.” “Regulators need to ensure ...