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GCTF: Corporates to Bail on MMFs if Rule Changes are Enacted At the recent CTC Global Corporate Treasurers Forum, a money market fund discussion reaffirmed what AFP members have been saying for months: if the SEC’s proposed rule changes are enacted, corporates are likely to shed their money market fund investments.
May 26, 2012
Canadian Budgetary Deficit at C$9B for March The Department of Finance Canada reported Friday that the budgetary deficit was C$9 billion for March 2012, compared to C$6.2 billion in March 2011.
May 25, 2012
E&Y Survey: 15 Percent of CFOs Willing to Pay Bribes A new survey revealed that a significant number of CFOs and other senior executives are growing more prone to unethical practices.
May 25, 2012
MasterCard Introduces Best Practices for Mobile POS MasterCard has launched a new global initiative that provide merchants with best practices for conducting simple and secure mobile transactions.
May 24, 2012
GCTF Recap: Should Treasurers Lobby Regulators Internationally? During the session Global Cash Management & Treasury Structures at last week’s CTC Global Corporate Treasurers Forum, panelist Dennis Sweeney, deputy treasurer at GE Corporate Financial Services, posed the question of whether corporate treasurers and banks should lobby regulators internationally for essential standards.
May 23, 2012
CIBC, Rogers Introduce NFC-Enabled Mobile Payments in Canada Hot on the heels of the Canadian Bankers Association's release of mobile payments standards for Canada, CIBC and Rogers Communications announced their intentions to launch a joint mobile payments service. Starting later this year, Canadians will be able to make credit card purchases with their smartphones via NFC technology.
May 22, 2012
Campos to Step Down as SWIFT CEO Lazaro Campos informed SWIFT that he intends to leave the organization after a five-year stint as chief executive.
May 21, 2012
AFP Member Jim Gilligan Testifies Before Congress on MMFs Jim Gilligan, CTP, assistant treasurer for Great Plains Energy Inc. and a member of the AFP Board of Directors, testified on May 17 before the U.S. House of Representatives Committee on Financial Services regarding money-market funds.
May 21, 2012
This Week in Corporate Finance: Market Watches Greece with Concern Fear about Greece was the driving motivation this week as money fled in search of safety. Concerns about a possible Greek default or a messy departure from the Euro led to gains in U.S. Treasuries and German Bunds at the expense of equities.
May 21, 2012
Corporate Treasurers Eye the Eurozone Crisis as GCTF Opens The CTC Global Corporate Treasurers Forum in Phoenix opened Thursday morning with a panel discussion on key issues facing the European, U.S. and global economies. Not surprisingly, the focus quickly turned to the eurozone crisis and what its fragility could mean for the global financial system.
May 18, 2012
Design Trends in QDIAs The rapid adoption of QDIA’s by plan sponsors and lessons learned from the 2008 financial crisis have prompted many changes to these ever-evolving investment vehicles and strategies. Many investment managers have sought to add asset classes to their allocations in an effort to reduce correlation between assets and combat volatility.
May 17, 2012
Making Patient Payments Pay Off Healthcare costs have increased dramatically over the past decade, driving businesses and individuals to find ways to maintain insurance coverage options without breaking the bank.
May 16, 2012
Governance, Accounting & Compliance Newsletter Seeks Editorial Advisory Board Volunteers AFP Governance, Accounting & Compliance newsletter is seeking volunteers to serve on its Editorial Advisory Board—and you are invited to join.
May 15, 2012
Survey: Corporates to Determine Fate of SEPA As the SEPA end date draws closer, European banks have largely determined that their corporate clients will determine the initiative’s success, according to new survey by Clear2Pay and Finextra.
May 15, 2012
SWIFT Urges Corporate Mobile Banking Expansion In a new a white paper released Tuesday, SWIFT urged banks to expand their mobile banking operations for corporates.
May 15, 2012
Volcker Touts Proprietary Trading Limits and Floating NAV Former Federal Reserve Chairman Paul Volcker told a Senate Banking subcommittee May 9 that the contentious rule restricting investment banks from proprietary trading which bears his name is intended "to assure maintenance of a flow of credit to businesses and individuals and to provide a stable, efficient payment system and safe depository."
May 15, 2012
AFP Fraudwatch: $485MM in Cybercrime Losses in 2011 In this edition, an IC3 report shows an uptick in cybercrime in 2011, the FBI issues a warning to frequent travelers, new revelations about the Global Payments breach, the Royal Canadian Mounties crack down on a major card fraud ring, and some virtual cash has virtually disappeared.
May 15, 2012
Business Continuity: Can Treasurers Bank on Banks? When talking about business continuity, there is a plethora of information, research, and guidance on how to establish a remote or virtual office. Unfortunately, most treasurers devising business continuity strategies zero in on this one single aspect. But there is an even more menacing threat to treasury continuity: bank failure.
May 14, 2012
Mobile Payments Guidelines Introduced in Canada A new set of “voluntary, secure, open guidelines” for mobile payments in Canada was introduced on Monday. Some of Canada’s largest banks are expected to announce partnerships with wireless communications companies soon.
May 14, 2012
This Week in Corporate Finance: Election Results Lead to a Flight from Risk This was a week where Europe was firmly in the spotlight. Following the election results from France and Greece, the markets decidedly showed their displeasure and concern.
May 14, 2012
Hedging Currency Risk for Foreign Assets and Liabilities Multinational corporations tend to have assets or liabilities denominated in currencies other than their functional currencies. And when this happens, the income statement of that company will generally be subject to currency exchange rate risk.
May 11, 2012
Emerging Technologies a Major Focus at Payments 2012 Emerging technologies, such as mobile banking and payments and the cloud, took center stage at Payments 2012.
May 11, 2012
Best Practices for Creating and Dismantling Big Projects If finance departments are famous for outsourcing, surely this is the ultimate. Instead of utilizing its space shuttles, NASA’s finance department is seeking commercial third parties to ferry astronauts to satellite space stations.
May 10, 2012
Are Card Acceptance Fees a Threat to Canadian Competition? Canada’s Competition Bureau brought its case against Visa and MasterCard before the Competition Tribunal this week, accusing the card issuers of anti-competitive practices.
May 10, 2012
Forward Thinking: Modern FP&A Must be Flexible, Dynamic In this age of frequent Black Swan events, the traditional business approach to operate on an annual budget and forecast is no longer effective. In order to deliver a competitive advantage to company, modern FP&A function needs to be flexible and dynamic, be based on sophisticated analytics, examine life-time values of the products, and encourage business partnering.
May 09, 2012

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