Resource America, a specialised asset management company, has promoted Thomas Elliott, currently senior vice president (SVP) of finance and operations, to the additional position of chief financial officer (CFO). He replaces Steven Kessler, CFO since 1997, who has retired from that position and has assumed the role of chairman of Resource Capital, a real estate investment trust sponsored and externally managed by the company.
Prior to becoming SVP in 2005, Elliott was a vice president-finance from 2001 to 2005. He also served as CFO of Resource Capital, serving from September 2005 until June 2006. From 1997 to 2001, Elliott held various financial positions at Fidelity Leasing, a former subsidiary of Resource America, including manager of financial planning, director of asset securitisation and treasurer.
The pound has been, and will continue to be, particularly sensitive to Brexit-related developments.While recent progress in negotiation talks has reduced the chance of a disorderly Brexit, it remains a key risk for GBP, capable of triggering significant volatility.
Far and away, the largest financial market on the planet is the foreign exchange currencies market, where on average individuals and organisations trade more than $5 trillion daily. In the FX world, the ability to master the market isn't considered a luxury for treasury officers–it's a necessity.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
After months of debate, the EBA has just released a new and probably final version of the Regulatory Technical Standards. The next steps are now the adoption – or rejection – of the RTS by the European Parliament and Council within the next three months.