Representatives of treasury associations world-wide met recently in Slovakia as the International Group of Treasury Associations (IGTA) discussed unintended consequences of the Basel reforms. While agreeing with the international regulators’ concern that banking activities require a more appropriate framework, the IGTA said that the proposed framework still contains procyclical elements, i.e. credit will be less available to corporates when they most need it. In addition, it noted the discrepancy between European and US compliance – Basel II will apply to all financial institutions within the EU whereas only 10 US banks will have to adopt the system; big countries like China or India have already turned down its application. The implementation at national level might turn out to be different from one country to another due to the complexity of the construction, said the IGTA, while also noting that the risk matrix for the standardised option does not invite corporates to get a rating.
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