The foreign exchange market is a truly global phenomenon. According to the Bank for International Settlements, the most recent figures of average daily turnover in global FX is estimated at $3.98 trillion, further cementing it as the largest market in the world in terms of total cash value traded.

While it is hoped the mobile channel will provide a launch pad for SEPA payment instruments, there still more work to be done and the use of mobiles by corporate treasurers may be more limited. Frances Maguire reports.

With the introduction of tighter regulation, and closer scrutiny from shareholders and investors, liquidity risk is one of the most pressing business concerns facing organisations today. As the upheaval in the financial landscape prompts a grassroots reassessment of liquidity risk within large institutions, Anya Davis of Baringa Partners and James Nicholls of Cornhill explores how banks should manage liquidity risk.

Ben Blackett-Ord is a director of Bovill, a financial services regulatory consultancy which he established in 1999. He is an experienced financial services regulatory practitioner having served as a regulator, compliance officer and consultant for over twenty years.

Figures released by the U.S. treasury show the country's budget deficit hit a record $221bn in February - the largest monthly deficit in its history - the total deficit since the beginning of the fiscal year in October now stands at $651.6bn. An interesting backdrop, then, against which to set the EuroFinance International Cash and Treasury Management conference, taking place in Miami from the 5-7 May.