Treasury & Cash Management

TREASURY & CASH MANAGEMENT | GLOBAL FINANCE CASH 25
The Global Finance Cash 25 ranks public companies by cash, cash equivalents and short-term securities on their balance sheets. Data is gathered from more than 70,000 public companies worldwide. It is a ranking of nonfinancial corporations—we exclude financial institutions from the list.

TREASURY & CASH MANAGEMENT | REAL-TIME PAYMENTS
A delay in the rollout of the China International Payments System looks to be only a temporary hiccup in the renminbi’s unfolding internationalization.

TREASURY & CASH MANAGEMENT | WHO'S WHO
Global Finance ’s annual list of Who’s Who in Treasury & Cash Management

MANAGEMENT | PENSIONS
As people live longer, many companies are discovering that they have to pay pension benefits to retirees for longer than they had expected. Insurance companies are stepping in with new products that can help take this “longevity risk” out of corporate defined-benefit pension plans.

SIBOS SUPERSECTION 2014 | THE INNOVATORS
Global Finance presents its second annual look at some of the key innovations over the past year within the transaction services space. We make use of the OECD’s Oslo Manual of Innovation, along with submissions, key research and the input of experts, to evaluate those banks and service providers that stand out in terms of innovation over the past year.

Subcustodians are being pressured by declining margins and low interest rates at the same time they are trying to cope with an onslaught of new regulatory requirements. For those with the skill and the wherewithal to meet the challenges, however, the business of protecting and servicing client assets remains profitable. Global investing is expected to continue to increase in the future.

FINANCE & CAPITAL | MANAGEMENT: Accounting

SIBOS SUPERSECTION 2014 | INTRODUCTION
The Sibos financial services conference—sponsored each year by the Society for Worldwide Interbank Financial Telecommunication (SWIFT)—will be held in Boston this year in September and, according to organizers, is likely to have a record turnout of attendees and media.

The need for financing for supply-side firms continues to grow—particularly in emerging and frontier markets. More companies are looking to SCF to fill this gap.

SIBOS SUPERSECTION 2014 | THE INNOVATORS
Treasury solutions still don’t provide much business intelligence as they lack good integration with ERP systems. But banks and vendors are starting to close the gap.

SIBOS SUPERSECTION 2014 | SUPPLY CHAIN FINANCE
New SCF solutions are offering a range of tools to help suppliers manage working capital and diversify funding sources.

Global Finance gathered executives in London for its annual subcustody roundtable. Participants focused on the impact of new European regulations on subcustodial banks, outsourcing and how technology is affecting the market.

MILESTONES: EUROPE
African success story M-Pesa dials up Europe.

COVER STORY: CRYPTOCURRENCIES
Still in their infancy, cryptocurrencies could change the way that companies manage payments for the goods and services that are the essence of global trade. As the bitcoin surge picks up momentum, corporate financial executives are wondering what it means for their business and how they can manage the risk of adopting—or not adopting—digital currencies.

MILESTONES: RUSSIA

Featuring:
BANK OF AMERICA | MERRILL LYNCH GLOBAL CUSTODY SERVICES
BNP PARIBAS SECURITIES SERVICES
CIBC MELLON
UNICREDIT GLOBAL SECURITIES SERVICES

TECHNOLOGY | CORPORATE CONNECTIVITY
Corporates and their banking partners still often speak different digital languages, but new initiatives by SWIFT and SAP should make connectivity easier. And increasing competition will be a good thing for corporates, sparking innovation and driving down costs.

The banks of North America as a group are fundamentally strong. Of 30 US banks that participated in the Federal Reserve’s second round of stress tests, 25 passed with flying colors, according to results released in March.

Corporate banking has always lagged the retail sector when it comes to the adoption of digital technologies, but mobile-banking services are gathering pace—and some visionaries are even contemplating banking services based on wearable technologies.

Fast-paced developments in China and overseas are bolstering the renminbi’s international expansion.