Regulations & Financial Reform
Derivatives End-Users Fear Margin Requirements Could Hurt Capex
A survey administered by the Coalition for Derivatives End-Users—a partnership of organizations representing corporate end-users of OTC derivatives, including AFP—analyzed corporate practitioners on how margin requirements could affect their businesses. More than 67 percent of surveyed CFOs and corporate treasurers responded that margin requirements could hurt their companies’ capital expenditures.
Report: SEC to Finalize Money-Market Fund Final Rule by May
The Securities and Exchange Commission is a few steps closer to completing new rules for money-market funds (MMFs), with a vote expected by the end of April. However, the SEC is reportedly considering complaints it has received from the MMF industry and is looking into exempting certain MMFs from having to float their share price.
Bitcoin Breakdown: IRS Declares Bitcoin a Property
The Internal Revenue Service said last week that it will treat Bitcoin as a property for tax purposes, rather than a currency. The classification means that Bitcoin and other virtual currencies will now be subject to capital gains taxes. Meanwhile, Mt. Gox claims to have discovered about 200,000 bitcoins in an old digital wallet.
What Corporate Treasurers Can Learn from their Nonprofit Peers
Treasury departments for many nonprofit organizations have to deal with
many compliance challenges that corporate treasury functions often do
not need to worry about. Given that rogue organizations and individuals
frequently attempt to route their funds through these international
nonprofits, global law enforcement agencies frequently place these
organizations under a microscope.
Yellen: Fed May Raise Rates by Spring 2015
U.S. Federal Reserve Chair Janet Yellen made some waves in her news conference Wednesday when she said that interest rates may begin to rise about six months after the central bank concludes its bond-purchasing program. With the Fed expected to end quantitative easing in the fall, the rate hike would therefore begin in spring 2015.