In a recent report, Moody’s Investors Service stated that the three-year shift to deposits from money market mutual funds (MMMFs) should soon begin to reverse, prompting fiercer competition among many US banks – particularly given their growing capacity from ongoing branch expansion. Moody’s added that it expects bank deposit pricing to remain rational and so does not expect this rising pressure to hurt most bank ratings during the medium term. The report charts steady shrinkage in MMMF assets since 2001, while growth in US banks’ core deposits accelerated during the same period, which also coincided with stress in the equity 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