Italian regional governments are at the forefront of public sector use of structured financing in Europe, according to Standard & Poor’s. Furthermore, Italian regions are among the more fertile areas for issuance growth in the subsovereign asset class. ‘Structured financing can be beneficial to Italian regional administrations’ credit quality when the transaction enables them to increase short-term liquidity, reduce on-balance-sheet debt, and improve efficiency,’ said Public Finance credit analyst Myriam Fernandez de Heredia. ‘The securitization of operating revenues and the use of funds raised for purposes other than debt reduction, however, could have a negative impact on regional ratings because it reduces financial flexibility. In extreme cases, structured transactions can even increase the cost of direct debt.’
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