The sophistication of IT systems paradoxically results in a profusion of data and makes it impossible to process or compile it properly. We have to cobble dashboards together in a Heath Robinson manner because the data does not match standard formats and is compartment...

Treasury, the discipline with no training courses

We find that the profession of treasurer has never really been properly or fully covered by business or financial management courses in universities. If it is covered, it is as add-ons to Masters Degrees, or as a sprinkl...

Behind this mysterious acronym a very interesting innovation initiative has been hidden. What do they mean by this “GPI”? What is SWIFT preparing to make Corporate Treasurers happier? The treasury associations have welcomed this new solution SWIFT is developing but als...

The EACT (European Association of Corporate Treasurers 13.000 members across Europe) welcomes the opportunity to respond to this consultation. It is supportive of the Capital Markets Union (CMU) initiative and support the Commission’s agenda for jobs and growth. The CM...

The pace for OECD’s famous “BEPS” (i.e. Base Erosion Profit Shifting) initiative is accelerating for couple of months. According to a recent Thomson Reuters survey, two third of corporates are already preparing actively to comply. We remain skeptical as lots of corpora...

What does it mean “CCB”?

Similarly to tenor spreads in single currency interest rate markets, basis spreads between cash-flows in two different currencies widened significantly after the financial crisis, resulting in the classic interest rate parity not holding anymore...