In 2010, Bombardier’s treasury group was presented with an all-too-common challenge: migrate a global banking infrastructure for a legal entity holding restructuration. And, they wanted results in one calendar year.

Agathe Côté, Deputy Governor of the Bank of Canada, spoke at Association for Financial Professionals of Canada-Montreal on Tuesday. She discussed the critical role of the Canadian financial market infrastructure, and the steps that the central bank, regulators and the industry are taking to strengthen that system.

We spent most of the week going back-and-forth as to whether Cyprus could be another Greece. The debt and equity markets rallied and fell depending on the latest news out of Nicosia. The general feeling at week’s end was that while this was probably not going to be a major disruption to the world financial markets.

Three years ago, Cardinal Health spun off its $4 billion medical device subsidiary. As a newly independent conglomerate of semi‐integrated businesses with a global manufacturing and sales footprint, CareFusion had all the complexities of a major multinational corporation. The challenge and opportunity was setting up an effective but lean treasury function within uncompromising deadlines.

It was a big week for Basel III news. The European Union agreed to cap bank bonuses, the Banco Central do Brasil announced its new capital rules, and the U.S. Federal Reserve made clear its intent to finalize rules.