It will not come as ‘news’ that many companies are in a very different place compared to pre-global financial crisis days with some having built up significant reserves which they are deploying in a controlled manner, unwilling to draw down on credit lines. It was recently reported that the FTSE 100 companies have over £50bn in... read more
New York is leading as the world’s number one financial centre according to the recent 2015 Global Regulatory Outlook survey of 300 financial services professionals from around the world. The results showed that 59 per cent of those surveyed said that they considered New York to be the number one financial centre and 38 per cent said that it... read more
Many, many, many moons ago I started my career in the City in the back-office of a US investment bank. Part of my daily duties back then was to ensure that the client confirms, that were dispatched by post to clients, matched the dealing tickets from the previous day. Each day I would start with a pile of 100 dealing tickets and a pile of 300 trade... read more
What is Solvency II?
Solvency II is a fundamental review of the capital adequacy regime for the European insurance industry and is currently due to be implemented on 1 January 2016. Solvency II falls under the authority of EIOPA (the European Insurance and Occupational Pensions Authority). EIOPA is accountable to the European Parliament and the... read more
Travelex recently announced the set-up of their £25 million digital growth fund to invest in fintech companies and start-ups in London. As a part of their strategy, the foreign exchange (FX) firm is also starting a recruitment campaign and was involved in sponsoring the Bootstrapped initiative at this year’s Silicon Milkroundabout.... read more
Operational risk and its mitigation is a pertinent topic right now. The new regulatory environment is forcing asset managers to adhere to strict operating and reporting standards; investors are demanding tight operational controls to protect their assets; managers are seeking to minimise middle and back office costs whilst delivering against these... read more
Treasury management is the act of administering cash flow and governing procedures and policies within a company to ensure that the company successfully manages risk (risk management). Treasury management is sometimes referred to as cash management because a primary function of treasury management is to make sure a company meets their financial... read more
The FT has reported that British tech start-ups within the remittances market are currently racing to expand into the US. Yesterday, WorldRemit (London-based remittance company) made their first attempt to crack the US market. The global company which already has a reach of more than 100 recieve countries, announced that they have opened offices in... read more
Bitcoin and other crypto-currencies (secret currencies) are getting a lot of airtime and being considered with seriousness, for example at HM Treasury, for inclusion in or coalescence with the traditional payments eco-system.
At this stage there are more questions than answers, and this should be concerning for the market participants,... read more