The Association of Corporate Treasurers said it welcomed the proposed guidance on audit committees issued by the UK Financial Reporting Council’s group chaired by Sir Robert Smith. The association emphasised the importance including risk management in audit committee training, but added that all directors should receive such training. The FRC report recommends that audit committees include appropriate financial expertise where the company’s activities involve specialised financial activities. In addition, said the ACT, ‘there should be experience in the area of corporate finance, financial risk management and treasury operations on the audit committee of all substantial companies’. The association welcome the proposed strengthened relationship between the audit committee and the internal auditor, but warned that this could be greatly devalued without a recommendation that the committee be consulted on the appointment, removal and remuneration and benefits of the internal auditor.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more