Recollections from where East meets West

What stood out to me during the recent Asia Treasury Leaders’ Forum 2016 was the sheer diversity of professionals assembled with a keen interest to learn and share information about the design of their organisational roles and functions (yes, this was what stood out to me more than the mighty cuisine Peter would point out). Having been to a couple of corporate conferences myself, I was pleasantly surprised by not only the ability of the panellists and moderators to induce thought-provoking insights, opinions and conversations, but I was taken aback by the manner in which conversations never seemed to drift

Technical update from the ACT Asia conference 2016

Top notes from this year’s Asia Treasury Leaders’ Forum conference hit on corporate treasury in the region, uncertain times and investing cash in China. Last week was my third appearance at the ACT’s Asia conference and I have to say it gets bigger and better each year. There was definitely a real “buzz” in the exhibitors’ hall and the sessions were well attended. Delegates stayed all day instead of “cherry-picking” sessions as they tend to do in Europe, but these were the key messages and “take-a-ways” I picked up from the three plenary sessions: 1. Opening keynote: Making Hong Kong

The Hong Kong experience

When looked at from a Hong Kong perspective, the treasurer’s world is familiar yet has its own preoccupations.

In one sense, sitting on the edge of the world’s second largest economy, with its huge currency reserves, growing middle class and restless political ambitions might well be considered positive for a (relatively) small entrepot economy; on the other hand, dealing with the nuances of an onshore / offshore currency regime, an uncertainty about whether the China boom will last (is that a mainland banking bubble on the horizon?) and rising regional economic and political ten

Are accounting requirements hindering funding for SCF?

In July 2010 the ACT published a report on the Supply Chain Finance Market and in particular on whether there was scope for funding initiated by buyers (we refer to this as a “Buyer Driven Receivables Programme” (BDRP)) to grow and ease funding issues for suppliers to larger / well known / investment grade buyers.

The report is available at www.treasurers.org/scf One of the challenges flagged to us last year by buyers was the imperative that trade creditors continue to be treated as such despite the funding mechanics – so when does a trade creditor become debt?

Supporting you through the downturn

We continue to be as active as possible in supporting our members with comment on the evolving issues within the financial markets. A number of us have been extensively quoted in the media (the Financial Times in particular) and have broadcast on Bloomberg, ITN News and the Today programme on BBC Radio 4.

In line with our stated policy we will normally comment first from the perspective of non-financial sector corporates.