Thirty six per cent of chief financial officers (CFOs) interviewed in a new survey said their companies are not prepared for a catastrophic event or other major disruption. The survey, developed by Robert Half Management Resources, includes responses from 1,400 CFOs from a stratified random sample of U.S. companies with more than 20 employees. Paul McDonald, executive director of Robert Half Management Resources, explained that while the New York Stock Exchange and the National Association of Securities Dealers have proposed rules that would require business continuity plans for member organizations, all firms could benefit from contingency planning. ‘The basic elements of a strategy include the prioritization and recovery of both critical business processes and supporting systems. Companies should avoid focusing solely on one aspect of a business continuity plan, such as IT systems, at the risk of overlooking another critical function such as customer service,’ McDonald added.
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