Low interest rates accompanied by a continuing drop in U.S. defined benefit pension plan asset values due to stock market declines are increasing pension funding requirements and could pressure U.S. company cash flows to a point where downgrades are necessary, according to Moody’s Investors Service. However, no rating downgrades based solely on pension-related issues are expected at this time. The ratings agency said that the current economic environment and underfunded status of many defined benefit pension plans demand increased scrutiny of a company’s pension liabilities and costs, and funding requirements. ‘Moody’s places its greatest emphasis on assessing future cash flow requirements needed to fund companies’ defined benefit pension plans,’ says Moody’s Senior Vice President Steve Oman in a new rating methodology report on pension obligations. ‘When required contributions appear likely to exceed a company’s internal funding capabilities, or could impair the company’s ability to make critical business investments, a reassessment of the rating may be warranted.’
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