After nearly a decade of strong year-over-year growth, cash and short-term investments of non-financial US companies fell by US$250bn (5%) in the second half of 2007 according to a survey of clients conducted by Treasury Strategies. Corporate liquidity rose steadily from US$3.9 trillion in 1999 to US$5.5 trillion by the end of June 2007. At year-end 2007, it was US$250bn lower at $5.25 trillion. It is unclear how this drop in corporate liquidity will impact the US economy. However, the study showed that companies are taking a much more disciplined posture in their cash management. “We also see a trend among corporate treasurers to invest more in the technology and infrastructure supporting their cash management activities,” David C. Robertson, partner with Treasury Strategies, commented. According to Anthony J. Carfang, another Treasury Strategies partner, “As a result of the recent market turmoil, corporate treasurers are taking a hard look at what securities are in their portfolios as well as their investment policies and practices. Many are no longer managing their short-term portfolios themselves. Rather, they are utilising a mix of bank products and money funds.”
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