The UK’s departure from the European Union will have significant short-, medium- and long-term impacts. Steve Elms, EMEA Head of Corporate and Public Sector Sales, within Citi’s Treasury and Trade Solutions team, is joined by fellow Treasury and Trade Solutions sector specialists John Murray, Roberto Di Stefano, Peter Cunningham and James Lee to assess the outlook for the airline, automotive, healthcare, and technology, media and telecoms sectors in the wake of the UK’s decision to leave.

Want to sign off corporate payments from your phone while on the beach? Looking for a cheaper offering? Need a bank with a footprint in emerging markets? There are many reasons to change cash management providers, and clients need help coping with these transitions. Société Générale discusses why customers change and what it entails.

Global investors are facing a conundrum; developed market bonds have never been pricier while central bank policy has never been looser. Easy monetary conditions are driving gains in equities and supporting bonds. But with the IIF noting recently that USD $10 tn worth of the world’s (i.e. developed market) government securities are now offering negative rates, the search for yield is becoming more pronounced. In the FX space, this has driven renewed interest in the carry trade. The main beneficiaries have been higher-yielding EM currencies rather than the traditional G-10 high yielders and these currencies may be the most exposed to a Fed-induced correction in the trade.

With evolving corporate buying behaviours as a result of global expansion and shifting of supply chains, banks no longer have the luxury to push products for corporates to adapt to. They now have to offer integrated and flexible solutions that address corporates’ transactional, financial and information needs.

Findings from Greenwich Associates 2015 FX survey

Global banks have been reducing correspondent banking clients, either because they are commercially unviable or they fail today’s higher financial crime-prevention standards. Efforts are now being made to rectify the situation.

The Mexican peso seems to be a currency permanently stuck in a tequila hangover driven by underperformance. It appears to underperform in risk-off periods as well as in risk-on periods. Why is this? Should authorities do more to stabilize the currency?

While banks are still unsure of how the blockchain will affect their businesses, there is a widely held feeling that it has transformational potential. But it is still early days for the technology, and a lot more work must be done developing the blockchain before it will be clear how it can improve the banking industry.

The advent of a global code of conduct for the FX market should bring greater consistency, fairness and transparency to key industry practices.

Diverging monetary policy trends and asymmetric growth prospects suggest that the recent, wide swings in the USDCAD exchange rate are likely to continue in the second half of the year.

Corporates are increasingly embracing bank-agnostic connectivity and other solutions that make communicating with banks more straightforward. Only those banks that show leadership and make the necessary investment in these innovative technologies will prosper in this new era.

Basel III, expected to come into effect by 2019, will have massive implications on the notional cash-pooling business, making it much harder for banks to offer this service profitably. This is likely to force some banks to reconsider the business, either by repricing their offering or by exiting relationships altogether, warns Société Générale.

By joining the Moscow Exchange (MOEX) as a clearing firm, Bank of America Merrill Lynch is able to provide clients with access to higher liquidity, with tighter spreads, than via offshore platforms.

Amid a dynamic and evolving investment banking environment, in which the largest players are struggling, some more nimble operators are bucking the trend and achieving returns on equity comparable to before the financial crisis.

Macroeconomic and geopolitical forces are creating an environment of heightened risks, divergent growth, and tax and regulatory uncertainty for corporates. Here we draw on Citi Treasury Diagnostics, our global treasury benchmarking platform, to reveal the top treasury priorities of leading companies, and share insights into how the corporate treasury can support global business objectives.

With the onset of central clearing and a growing regulatory overhang, market participants are under historic pressure to fully understand the impact of collateral and credit valuation on their portfolios.

Thanks to the strong CLN and credit tranches franchise it has developed with retail and private investors, Societe Generale is able to offer to insurers a competitive range of credit derivative-based products and to design innovative solutions specifically for this client segment, whether for investment or hedging purposes.

CEOs are expected by shareholders and other stakeholders to guide their companies through today’s shifting risk landscape and deliver on financial objectives. Here's how.