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


ACT Annual Conference, May 2019 – Day 1 Our day kicked off with ACT CEO Caroline Stockmann welcoming delegates, sponsors, exhibitors and speakers alike. Caroline also gave us the fun statistic that more than 4,000 coffees will be served over the 2 days of the conference. I wonder who’s been counting?! Or is that just the ACT team? Caroline was followed by broadcaster and journalist Jon Snow, bringing some early dazzle with one of his trademark colourful striped ties. Alongside his well known views on UK politics, Jon also gave us an insight into his earlier career as a journalist

Lights, camera, action!

ACT Annual Conference 2019 Our arrival in Manchester this week has seen the City (geddit?) lay on an open-top bus parade. For the ACT’s 40th birthday? Well, not exactly for the ACT but there’s definitely some glamour in the air! On the ground though we’re getting ready for a conference which I think has more focus on technology and business disruption than any I can remember. Someone clever (not me) once said that uncertainty is the frontier between risk and reward. As treasurers, it’s our job to help our organisations cross over from one side to the other. The conference

Strategic leaders in the making

Janet and I would like here to reflect a little on the inaugural residential weekend of the Advanced Diploma in Treasury Management – without of course giving away too many secrets! The residential school weekend kicked off with the first day focusing on preparing the students for the dissertation element of their assessment (students could choose whether to attend the dissertation workshop on the Thursday or Sunday). Jon Jeffery, our Advanced Diploma tutor, supported by Paul Cowdell and Monika Kekelikova, presented a high-energy and engaging session split into two parts. In the morning, the presentation focused on key things the

Leadership skills

What type of leader do you want to be? People often fall into a leadership role – they get promoted, or they move companies and are given responsibility for a team. The skills needed to be an effective leader are often picked up on the job, and it can be difficult to step back and think about what makes a good leader and what leadership skills you want to develop. A key question to ask yourself is ‘what type of leader do you want to be?’ We all have examples of good and bad leadership but by understanding what traits