The Loan Market Association (LMA) and The UK’s Association of Corporate Treasurers (ACT) have issued a joint statement to their members highlighting the possible impact on existing loan documentation arising as a result of the adoption of International Financial Reporting Standards (IFRS) within the European Union. As of January 2005, the consolidated financial statements for most publicly traded companies governed by the law of an EU member state must conform to IFRS, and the associations recommend that both borrowers and lenders examine the formulation of existing financial covenants and other clauses in facility agreements which rely on calculations derived from the obligor’s financial statements, and address the need for possible changes.
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