The Portuguese government has denied that it needs a EU-led bail out and instead called for confidence in its economy. Nevertheless speculation is growing that Portugal is struggling to cope with vast public debts. The EU already had to bail out Greece and Ireland, and speculation is growing that Portugal will be the third country to need financial support.
The markets are still trading nervously as rumours abound regarding the need for Portugal to follow the Irish republic and receive a bail out. Despite the Portuguese government making public denials, the yields on Portuguese’s bonds continue to rise, a key indicator of loss of confidence in a sovereign state.
Mark O’Sullivan, director of dealing at Currencies Direct, said: “As with Ireland, public government denials do very little to calm the markets, it’s the bond markets that reveal all and as confidence fades away and yields rise, a bailout becomes inevitable – you cannot outrun the 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