More than 60% of institutional investors, large companies and pension funds around the world think the US$700bn government bailout rejected by the US House of Representatives would have a good chance of restoring stability to financial markets if implemented, according to a survey by Greenwich Associates. “If the vote on the bailout had been held among the institutional investors and companies that rely on functioning financial markets to conduct their business instead of in the House of Representatives, it would have passed,” said Greenwich Associates consultant Steve Busby. Greenwich Associates surveyed 905 institutional investors, large companies and pension funds in North America, Europe and Asia about the US government’s plan to rescue financial markets. Regardless of their take on the specific legislation in front of Congress, nearly two thirds of survey respondents believe that some form of government intervention will be required to shore up markets. On average, those surveyed do not expect global financial markets to bottom out until the third quarter of 2009 at the earliest. While one third of respondents believe markets can recover within the next six months, 35% think the downturn will last between seven and 12 months and nearly a quarter believe the market will not hit bottom for one to two years. More than 5% think financial markets will not recover for two years or more.
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