RTL Group has selected Reval’s HedgeRx to handle foreign exchange and interest rate risk management. RTL Group has 38 television channels and 32 radio stations in 10 European countries. RTL hopes that the solution will enable it to deal with the problems surrounding hedge accounting under IAS 39, stress testing under IFRS 7 and both simple and complex derivative valuations. The solution will provide valuation and documentation of RTL’s interest rate and foreign exchange instruments and is designed to allow them to assess the effectiveness of hedging derivatives to mitigate earnings volatility. Implementation is expected to go live before the end of 2007 to provide treasury managers with real-time information on positions, exposures and profitability and to reduce processing times and eliminate prior reliance on spreadsheets.
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