The Association of Corporate Treasurers (ACT) has urged the UK government to refrain from involving itself in market activity at times of major disruption. The ACT does not consider new legislation – which would enable the government to intervene in the financial markets or in contracts arising from them – as necessary at this time. The case for such legislation would be strengthened if it were part of a concerted multinational (e.g. EU/G10) approach to the market disruption risk. claimed The ACT. However it noted that even in such a case, the potential negative consequences of such legislation may outweigh the advantages. The ACT has pointed out legislation along the lines of the Green Paper could introduce extra political risk in doing business in UK financial markets and that foreign courts may not recognise the UK legislation unless it was part of a concerted EU/G10 approach. Furthermore, it claimed that legislation would raise the possibility of a new form of systemic risk, again reducing the attractions of UK financial markets.
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