OpenTreasury

Pushpendra Mehta sits down with Craig Jeffery, Managing Partner of Strategic Treasurer, to discuss key insights from the thirteenth topic and fourteenth article in a series on leading practices in corporate treasury published on CTMfile. This article and their discussion today cover preparing for and monitoring unexpected events. Leading practices part 12: Preparing for and monitoring unexpected events

Defaults, rate hikes and withdrawals. On this podcast, Jonathan, Craig and Jack discuss this week’s top stories and developments in treasury. Chinese developer Shimao defaults on US$1bn bond Recession fears “leave €40bn of European corporate bonds in distress” Third successive rate hike in Australia Corporate fundraising slips 25% as caution rules The Bank of London and SAP Fioneer partner to revolutionize global clearing and transaction banking Goldman Sachs and Derivative Path collaborate to expand transaction banking BNP Paribas exits the commodity finance business in the United States Honorable Mentions EU agrees regulation for ‘wild west’ of crypto assets Crypto lender Vauld suspends withdrawals

The economy, taxation, bankers looking at cryptocurrencies, and the war in Ukraine are all hot topics this week. Jason Campbell is stepping in as this week’s host of the Open Treasury Podcast as we review the major stories and developments that were posted on CTMfile.com this week. Craig Jeffery and Jack Large also joined to share their thoughts.    Article links: Russia forced into historic default by sanctions Yellen still expects a global minimum corporate tax rate BNP Paribas interested in acquiring ABN Amro Rapidly growing neobanks now show signs of impending failure Cryptocurrency sector fears a chain reaction as Bitcoin drops below $20k BIS to urge CBDCs amid cryptocurrency uncertainties OCC continues interagency discussions on cryptocurrency

Pushpendra Mehta sits down with Craig Jeffery, Managing Partner of Strategic Treasurer, to discuss key insights from the twelfth topic and thirteenth article in a series on leading practices in corporate treasury published on CTMfile. This article and their discussion today cover leading practices for messaging networks. Read the article: Leading practices part 12: Messaging networks

Pushpendra Mehta meets with Mike Richards, CEO of The Treasury Recruitment Company, and Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include US inflation rising to a 40-year high of 8.6 percent, the Bank of England hiking interest rates for the fifth time in a row to rein in inflation, DHL’s warning that supply chain problems will run for longer than expected, Bitcoin tumbling to a new 18-month low as the crypto meltdown deepens, Binance freezing Bitcoin withdrawals, organizations maintaining a majority of their short-term investments in bank deposits, Bank of America expanding Virtual Account Management (VAM) to companies in the US, and account takeover attacks surging as BNPL rises. Inflation at 8.6%, more Fed rate hikes anticipated [US] Bank of England confirms fifth monthly base rate rise [UK] DHL warns of continuing supply chain challenges Bitcoin drops to an 18-month low, investors move away from riskier assets Bitcoin withdrawals suspended in volatile trading Bank deposits make up 55% of organizations' short-term investments BofA expands Virtual Account Management (VAM) to US Businesses Account takeover attacks intensifying as BNPL thrives, warns Imperva Find more articles at CTMfile.com

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the ECB confirming July rate hike plans and ending its bond-buying programme, Australia’s central bank raising interest rates by the most in 22 years, Russia’s Rostec announcing an alternative to SWIFT, US lawmakers unveiling sweeping crypto legislation, Apple foraying into the BNPL space, Nacha offering small volume ACH users an account verification option, and the growing menace of ransomware and resulting increases in cybercrime insurance claims. Article links: ECB stops bond purchases and plans rate hikes Reserve Bank of Australia hikes interest rate again Russia’s Rostec “has devised SWIFT alternative” US regulatory overhaul proposed for crypto Apple bypasses banks to provide BNPL loans directly New Nacha partnerships to enhance validation features for small volume ACH users Cybercrime insurance claims rise as ransomware proliferates  

Pushpendra Mehta and Craig Jeffery, Managing Partner of Strategic Treasurer discuss the idea that inefficiency and inaccuracy are the natural outcome of manual processes. Tools, including systems, software, techniques, models and methods, are consequential for an effective process-based management. Read the article: Leading practices part 11: Process mindset

Pushpendra Mehta meets with Anthony Carfang, Managing Director of The Carfang Group, and Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the EU broadening its sanctions against Russia to halt Eurobonds servicing, the US Federal Reserve embarking on quantitative tightening, Japan adopting a landmark stablecoin bill for investor protection, and the US Treasury giving a nod to AI innovation against money laundering. Widening sanctions disrupt Russia’s Eurobond servicing Quantitative tightening era underway in US Japan passed the Stablecoin Act to protect investors US Treasury to drive AI Innovation to combat money laundering

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include multiple areas: China’s reopening to ease supply chain woes, globalization and complex supply chain challenges, Germany confirming cryptocurrencies to remain tax free if held for more than a year, the ECB warning that crypto markets show signs of an emerging financial stability risk, Citigroup weighing a deal to buy Deutsche Bank’s Mexican bank, the US Federal Reserve delaying ISO 20022 implementation until 2025, Deutsche Bank collaborating with FinLync to provide instant access to real-time treasury for corporates, Ripple considering IPO after SEC suit wraps up, and Bank of England advocating for banks to take climate action immediately or face slashed profits. Article links: Supply chain hopes as Shanghai reopens Deglobalization or evolving globalization? Corporations’ conundrum Germany, Europe's largest economy, to facilitate easier crypto investments ECB cautions that crypto markets may pose risks to overall economic stability Citi “mulls Deutsche Bank Mexico purchase” Fed puts back ISO 20022 implementation for Fedwire to 2025 Road to automated, real-time treasury for corporates via Deutsche Bank and FinLync Ripple CEO says IPO again under consideration Bank of England urges banks to take action on climate change now or face slumps in earnings

Pushpendra Mehta sits down with Craig Jeffery, Managing Partner of Strategic Treasurer, to discuss key insights from the tenth topic and eleventh article in a series on leading practices in corporate treasury published on CTMfile. This article and their discussion today cover compliance. Read the article here: Leading practices part 10: Compliance