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A hub of news on current industry and technical issues, advice and career development support.

ESG

Social responsibility, sustainability and the financial sector – making money and saving the world

Not a week goes by without an article or event discussing Environmental, Social and Governance (ESG) and last week was no different as I attended a seminar hosted by Clifford Chance. ESG is just another form of risk and as treasurers managing risk, it’s an area that treasurers can take a lead – bringing together a variety of risks across their organisation. Research shows that ESG focused businesses have a Return on Equity that is 5% higher than peers, experienced fewer swings in earnings volatility and had a better chance of a credit rating upgrade. In addition, investment managers are

Future Leaders in Treasury: half year update

Being half way through the year, I thought it would be a good opportunity to recap on what the Future Leaders have been up to so far and what else is planned for 2019. Since the start of the year, we have: In March – organised an evening on resilience in London, where guest speaker Amanda Bradley explained how resilience helps tackle challenges in and out of the workplace. In April – run a careers breakfast event in Dubai where executive coach Dawn Metcalfe spoke about dealing with conflict on the workplace. In April/May – participated in the 40th Edition

A day in the life of the ACT’s Policy & Technical team

One of the ACT’s strategic objectives is to ensure that our Policy & Technical team, the ‘heart’ of the organisation, remains strong, demonstrating thought leadership, and representing the first port of call for regulators and government; whilst creating an intellectual agenda and offering guidance and advice to the membership and the wider community both in the UK and overseas. The core purpose of the team is to INFLUENCE policy makers and INFORM treasurers, CFOs and those involved in making treasury decisions. INFLUENCE: Engage with regulators, government departments, central bankers, (i.e. the official sector) through formal working groups and committees and
ACT Breakfast Briefing: Liquidity Performance and Payment Fraud

Cash: to have or to have not

On 19 June 2019, on a hot and humid morning, there was a full house at the DIFC (Dubai International Financial Centre) auditorium for a breakfast briefing supported by Kyriba – a regular supporter of such ACT events in Dubai and around the world. This briefing focused on liquidity performance and payments fraud – two separate but quite related areas if one joins the dots… Two case studies, one great panel. The briefing was a huge success from all the feedback I heard, but also for me as a moderator it was a dream come true. To have four treasurers

ACT Apprenticeships

I am pleased to share that on the 24 May 2019 the ACT qualifications, Diploma in Treasury Management (AMCT) and the Certificate in International Cash Management (CertICM) have been added to the Financial Services Professional Apprenticeship standard. Over the last few years there is, and has been, a lot of focus on apprenticeships. In order to respond to this changing environment a small group at the Association of Corporate Treasurers (ACT) started to investigate what this may mean for the ACT and what our options are. To gain greater clarity, we spoke to a number of other professional membership bodies,

EMIR update on clearing thresholds

On 28 May 2019, the European Markets and Securities Authority (ESMA) updated its guidance on the calculation of the clearing thresholds for Non-Financial Counterparties (NFCs) in light of EMIR Refit publication. The updated Q&A clarifies the notification procedure for NFCs as to whether or not they exceed or no longer exceed the clearing thresholds and reduces the reporting burden on NFCs. Key messages are as follows: On the date of entry into force of EMIR Refit (17 June 2019) NFCs will need to have calculated their aggregate month-end average position for the previous 12 months. NFCs exceeding the clearing thresholds

ACT Annual Conference 2019 – programme round-up

So you have enjoyed the light-hearted tone of Peter Matza’s blogs on the ACT Annual Conference 2019 (if you haven’t read them, then these provide a daily tongue-in-cheek summary of each event day, and are available here), but now you have the rather more detailed look at a selection of the key sessions that dominated this year’s Annual Conference on 21-22 May at Manchester Central, another visit to the capital of the north for the UK’s largest treasury event. Following the welcome and opening by ACT Chief Executive, Caroline Stockmann, and conference chair, Peter Matza, the eminent broadcaster and journalist,

The beat goes on….

ACT Annual Conference, May 2019 Day 2 There are some who think that the second day of this conference is a much more relaxed affair. While this might be true in terms of finding one’s way around the session rooms, the exhibition hall and meeting the people you just couldn’t see on day one, it absolutely is not in terms of being switched on and ready to work! The formal conference kicked off with Rhys Phillips, Head of Sterling Markets at the Bank of England. In his presentation and q& a session that followed, the ACT was praised for its

 

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