Case Study: Streamlining Bank Relationships in Record Time
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.
Cote Discusses Financial Market Infrastructure at AFPC Montreal
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.
This Week in Corporate Finance: Cyprus Shake-Up
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.
Case Study: Building a Treasury Team from Scratch
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.
Basel III Update: EU Agrees to Bank Bonus Cap
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.