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June/July 2009
June/July 2009 / 17 July 2009 / FX-MM
In the teeth of gloomier-than-first-predicted proclamations coming out of the World Bank, and Eurozone central bankers seemingly reverting to much sitting on hands in a frenzy of inactivity, stirred neither by green shoots or deteriorating labour markets, the currency scene is proving difficult to read right now. And while many onlookers of an optimistic persuasion are displaying a sentiment of hope over adversity, seeing the beginnings of stabilisation in the wider economy, there is still a long way to go, as Drew Hillier reports.
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Tagged with: Currencies, Money Markets
June/July 2009 / 17 July 2009 / FX-MM
Having conquered the market for high-end equities trading, Portware has turned its sights squarely on FX, delivering a solution that promises to reinvent how firms trade. FX&MM’s Frances Maguire speaks with Eric Goldberg and Ary Khatchikian, Portware’s co-founders, about Portware FX.
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Tagged with: Technology
June/July 2009 / 17 July 2009 / FX-MM
With credit scarce and cash king, tough times call for a measured response in the realm of liquidity risk.
Without question, today’s challenging corporate environment contrasts hugely with the market conditions of, say, late last decade, when even the most speculative start-ups boasting business plans of little more than a few random figures scrawled on a napkin, were able to secure financing without breaking sweat. Not any longer. In these post-Enron, credit crunched, recession-ravaged days, even well-established multinationals with household names and solid cash flows find it an uphill battle to maintain the confidence of hyper-liquidity conscious investors.
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Tagged with: Liquidity Risk
June/July 2009 / 17 July 2009 / FX-MM
Mika Mustakallio, CEO and co-founder of MORS Software, comments on the ad-hoc and non-standardised nature of Stress Tests. Here, Mika argues for a proper control structure in banks that would bring transparency and benchmarking possibilities for financial markets.
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Tagged with: Technology
June/July 2009 / 17 July 2009 / FX-MM
Franco Marinotti, CEO of riskart, talks to Drew Hillier.
Based in Milan, Italy, riskart is a leading specialist consultancy in bespoke solutions for structured derivatives management, currently counting three of Italy’s leading financial institutions amongst its users. I started by asking Franco for a thumbnail sketch of the company.
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Tagged with: Franco Marinotti, riskart S.p.A, Technology
June/July 2009 / 17 July 2009 /
Franco Marinotti, CEO of riskart, talks to Drew Hillier.
Based in Milan, Italy, riskart is a leading specialist consultancy in bespoke solutions for structured derivatives management, currently counting three of Italy’s leading financial institutions amongst its users. I started by asking Franco for a thumbnail sketch of the company.
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Tagged with: Franco Marinotti, riskart S.p.A, Technology
June/July 2009 / 17 July 2009 / FX-MM
US-based multi-national manufacturer, Greif – a world leader in industrial packaging products and services – has mandated Deutsche Bank to become its disbursement bank in Europe. This will comprise Deutsche Bank’s SEPA engine, thus becoming one of the earliest corporate adopters of XML. FX&MM’s Frances Maguire talks to Michel Verholen, Greif’s director of international treasury.
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Tagged with: Cash Management, Single Euro Payments Area (SEPA), Treasury
June/July 2009 / 17 July 2009 / FX-MM
Now firmly entrenched in the chronicles of the pan-European transaction banking revolution, the European Commission, in 2001, fired the starting pistol for its SEPA policy through Regulation 2560/2001 on cross-border payments. In what reads rather gnomically, the SEPA’s definition by the European Payments Council (EPC) as ‘the decision-making and coordination body of the European banking industry in relation to payments’ – restricts banks from imposing different charges for domestic and cross-border payments or ATM withdrawals in the EU. That’s fine as far as it goes; what is now needed is an end-date.
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Tagged with: Cash Management, Treasury
June/July 2009 / 17 July 2009 / FX-MM
The European Union recently launched a consultation on deadlines for SEPA Credit Transfers (SCTs) and SEPA Direct Debits (SDDs). This is a welcome move, says Paul Taylor, Managing Director Europe, VocaLink, who warns this is no time to get complacent, despite postponed deadlines.
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Tagged with: Cash Management, Single Euro Payments Area (SEPA), Treasury
June/July 2009 / 17 July 2009 / FX-MM
According to the latest figures from the World Bank, whilst the global value for carbon emissions trading has enjoyed a year-on-year two-fold increase, the actual realised emissions cuts fell as wider economic woes dented clean energy financing. Drew Hillier reports on a market which, in spite of downward pressure and a certain amount of controversy, last year turned over $126 billion.
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Tagged with: Trading
June/July 2009 / 17 July 2009 / FX-MM
Slap bang in the middle of a recession, one might think it madness to put a few million dollars of your own money into a bunch of luvvies, who – while everyone else is tearing their hair out – are singing and dancing their way through it. Donning her dancing shoes, Lauren Hillier heads for theatreland and investigates.
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