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The proposed takeover of VocaLink by MasterCard hit a snag as concerns within the industry over how other companies will be able to compete led the Competition and Markets Authority (CMA) to raise questions.
Published January 2017 euromoney.com
Scale is important in cash management, but it is not everything. For clients it is the people, the services and the products that count. Often the best-in-class are regional specialists rather than the global giants, as Euromoney’s unique Five-Star Cash Manager analysis shows.
Euromoney January 2017
Sharing of information that could prevent cyber-attacks is being impeded by strict privacy rules and concerns over reputational damage.
The services industry could help to shore up trade finance, but banks need to think creatively about the products that will facilitate this.
Published December 2016 euromoney.com
Banking regulators have a remarkable ability to stop innovation in its tracks. But when they work in favour of the industry, amazing things can happen.
New CRD IV rules are dividing how European and US banks are able to provide notional pooling facilities to corporates, providing more favourable conditions for some than for others.
The creation of the FCA’s fintech sandbox, hailed as a step forward in regulatory collaboration, risks creating a disproportionate advantage for products developed through the process.
Implementing Payment Services Directive II is already causing headaches for plenty of European banks, even before they face up to the potential impacts of data privacy and messaging standards.
Stresses on banks are forcing change on how corporates run their cash management operations. For business to continue running smoothly, it will require some give and take from both sides.
Published November 2016 euromoney.com
Increased charges by banks for corporate deposits seem inevitable as interest rates in Europe remain low. Corporates are, therefore, scoping out alternatives.
The oil and gas sector has so far avoided making wholesale change to its treasury processes, but as the low price environment continues, firms are now being forced to explore cost cutting.
The staged implementation of Target2-Securities allows banks to implement large-scale overhauls of their operations, despite initial concerns about the cost.
The final ruling on Section 385 has been made, with significant dispensation to allow corporates to continue with cash pooling.
Published October 2016 euromoney.com
The results of the World Payments Report (WPR) and the Euromoney Cash Management Survey 2016 indicate marked variance in how regulations are implemented globally.
Although the deadline for intraday liquidity reporting is looming – and has already been pushed back once – there is little evidence banks are rushing to be finished in time.
Banks that believe fintech firms are their primary threat should look instead at how their internal processes are hampering competitive growth.
While HSBC scores a notable double in Euromoney’s annual global rankings, the record response rate of almost 35,000 validated votes generated a host of changes at the upper end of our cash management survey. Regional banks move to the fore and some previous global leaders have dropped back.
Published September 2016 euromoney.com
As the number of truly international banks shrinks, new alliances and networks are being formed to meet the needs of clients. Choosing the right partner is an important and complex process. Increasingly, corporate treasury teams are taking a keen interest in the banks’ decisions.
The internet has created a new kind of company that needs to be international and multi-currency from the outset. They are businesses that usually understand technology better than their banking partners. So how are the world’s leading cash managers meeting the challenges posed by these new clients?
Euromoney September 2016
Security breaches that have allowed hackers to infiltrate Swift’s messaging network have raised questions about the safety of the messaging network, but the problems might rest with the individual banks.