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February 2010
22 February 2010
At the time of writing, as the great and the good headed home from Davos World Economic Forum, bankers have indicated that they may agree to far-reaching reforms whilst financial regulators warned that they could take drastic action to take some of the risk out of the financial industry. As to how this reflects - and indeed impacts - on the markets going forward, Drew Hillier speculates that we may not be going forward at all, merely differently sideways... tempered with an overwhelming feeling that as far as a recovery is concerned, we have yet to fully ascertain if the wheels may be either half on or half off! By Drew Hillier
22 February 2010
Immediately after the Second World War, which left much of Europe's economy landscape in tatters, the country that emerged with the fewest scars was USA. In 1944 after Brenton Woods Accord and IMF, the US dollar become the reserve currency for all capitalist countries of the world and the rest of the currencies, gold and crude oil were compared against it. This, we can identify, was the beginning of foreign exchange market. FX&MM charts the seemingly inexorable rise of the incredibly resilient FX market, to the point where - according to the Fed Reserve's latest foreign exchange volume figures pertaining to the October 2009 reporting period - average daily volume in total over-the-counter foreign exchange instruments for North American alone saw a 28.1 percent rise to $675 billion.
22 February 2010
Aiming for a "single version of the truth"
Drew Hillier talks to Selwyn Blair-Ford, Senior Domain Expert for FRSGlobal - London.
By inclination, Selwyn Blair-Ford is a problem solver. Having joined FRSGlobal in September 2006, Selwyn was integral to the UK FRSGlobal team that successfully analysed and designed the UK IRR reporting solution, which provided Basel II reporting for UK firms. His deep understanding of financial regulatory systems, rules and calculation methodologies has been honed over twenty years of first-hand banking and financial business processes, working in many of the world's most noteworthy financial institutions. This, ultimately, has ensured FRSGlobal both maintains and builds upon the integrity of its solutions - from how they are configured and how they integrate, right through to the implementation process and beyond.
22 February 2010
Liquidity risk management strategies will have to be reviewed and upgraded to comply with the incoming, mandatory, additional reporting requirements from the UK's Financial Services Authority (FSA), as well as increased stress testing and reporting tools.
22 February 2010
This year's EuroFinance conference on Liquidity and Cash Management for European Companies takes place in Amsterdam, early modern Europe's wealthiest trading cities claiming the world's first full-time stock exchange, and capital of a country which many economic historians regard as the first thoroughly capitalist country in the world. FX&MM reports.
22 February 2010
Straight from the retail market where mobile banking is fast taking grip, mobile technology is now enabling corporate treasurers to respond on a timely basis and authorise payments on the move and bring their corporate treasury systems up to speed.
The numbers of mobile banking solutions for the retail market are fast growing as customers come to expect access to account information, 24x7, and banks look for mobile remittance solutions to service retail customers and achieve competitive advantage. So too is pressure growing from corporate treasurers for secure access to their cash management systems, with the same capabilities they have in the office, while on the move.
22 February 2010
As financial services companies across the globe come under intensified scrutiny in the wake of the banking crisis, public confidence in the current financial system remains low. One aspect of the fallout are the rules on the movement of electronic data, which - according to a Microsoft executive - are urgently in need an overhaul. Drew Hillier investigates how data loss and leakage, particularly, is forcing financial services companies to act more efficiently.
22 February 2010
Toward the end of last year, the 2009 Nobel Memorial Prize in Economic Sciences was awarded to two American social scientists for their work in describing the numerous relationships within a company or among companies and individuals that shape market behaviour. Elinor Ostrom and Oliver E. Williamson were cited for work done over long careers. Incredibly, Ms Ostrom is the first woman to receive the economics prize in the 41-year history of the award.
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