ISDA any point?

Back in the old days, I remember when you could rely on a “committed” bank facility to give you confidence that your business had sufficient funding headroom to underpin the board’s going concern statements in its financial accounts. Recently, doubt has started to creep in – in particular, does “committed” really mean what it used to?

No L! No L?

We have much to be thankful for. The Christmas festivities allow many of us quality time to reflect before setting New Year resolution plans, so this month I’m in seasonal reflective mode.

Welcome to London…mind the gap

This month the ACT hosts the International Group of Treasury Associations (IGTA) annual meeting in London and we have much to talk about. This year’s IGTA meeting is themed around Preparing Treasurers for Change.

Of course, for corporate treasurers much has changed since last year’s IGTA meeting in Washington. We’ve all got our ‘regulator score cards and pencils at the ready’ to see how the G20 Pittsburgh legacy has worked through to commercial and industrial companies in practice.

Sir Jasper Hollom, KBE, HonFCT

Many of you will have seen the very sad news of Sir Jasper’s passing in the national newspapers. At the age of 96, our younger members and students may be forgiven for asking what role Sir Jasper played in the life of the ACT. On 10 May 1979, standing in for the Governor of the Bank of England (Gordon Richardson) who was out of the country on business, Sir Jasper stepped forward as the ACT’s very first key note speaker. He was then Deputy Governor, and subsequently become the chair of the City Takeover Panel. At the meeting he was