Articles
ISO 20022: The Best Option for International Treasury?
Several treasury professionals discussed the success they have had using the ISO 20022 standard internationally. They believe that eventually, corporate treasurers as a whole will see the benefits of the standard and get on board with it.
Several treasury professionals discussed the success they have had using the ISO 20022 standard internationally. They believe that eventually, corporate treasurers as a whole will see the benefits of the standard and get on board with it.
05/14/2016
Swiftly Getting Worse: SWIFT Reveals Second Malware Attack
Shortly after BAE Systems reported that SWIFT software may have been compromised in the now-infamous Bangladesh Bank hack, the financial cooperative informed its bank customers that it was aware of “a number of incidents” in which criminals sent fraudulent SWIFT messages across its network. Late Thursday, SWIFT acknowledged a specific new incident.
Shortly after BAE Systems reported that SWIFT software may have been compromised in the now-infamous Bangladesh Bank hack, the financial cooperative informed its bank customers that it was aware of “a number of incidents” in which criminals sent fraudulent SWIFT messages across its network. Late Thursday, SWIFT acknowledged a specific new incident.
05/14/2016
AFP Risk: Treasury Lessons in the SWIFT-Bangladesh Claims
AFP’s Risk newsletter looks at the latest developments in the Bangladesh Bank hack and resulting theft of $81 million.
AFP’s Risk newsletter looks at the latest developments in the Bangladesh Bank hack and resulting theft of $81 million.
05/13/2016
A Treasurer’s Worst Nightmare: Inside the BP Oil Spill
In the days that followed the Deepwater Horizon oil spill, BP America’s primary liquidity source, the commercial paper market, became largely inaccessible as the severity of the situation became better understood.
In the days that followed the Deepwater Horizon oil spill, BP America’s primary liquidity source, the commercial paper market, became largely inaccessible as the severity of the situation became better understood.
05/13/2016
SWIFT-Bangladesh Bank Claims Are a Wake-Up Call for Treasury
The latest revelations about the SWIFT/Bangledesh Bank cyber incident should serve as a wake-up call to corporate treasurers concerned about security.
The latest revelations about the SWIFT/Bangledesh Bank cyber incident should serve as a wake-up call to corporate treasurers concerned about security.
05/12/2016
Here’s How New Regulations Deter Corporate Tax Inversions
Will new rules on corporate tax inversions be enough to deter U.S. companies from pursuing the strategy and setting up headquarters in overseas tax havens?
Will new rules on corporate tax inversions be enough to deter U.S. companies from pursuing the strategy and setting up headquarters in overseas tax havens?
05/11/2016
CTP Exam Tips: Putting a Study Schedule Together
When you get the materials and as you read all the recommendations online, it’s all very overwhelming and can be difficult to determine where to start and how to put your study schedule together.
When you get the materials and as you read all the recommendations online, it’s all very overwhelming and can be difficult to determine where to start and how to put your study schedule together.
05/11/2016
Big Challenge: Running FP&A at a Private Equity-Owned Firm
When a company is owned by a private equity firm, it typically has a very different management culture from companies with more traditional ownership structures, presenting FP&A with a unique set of challenges.
When a company is owned by a private equity firm, it typically has a very different management culture from companies with more traditional ownership structures, presenting FP&A with a unique set of challenges.
05/10/2016
X9: A Better Approach to Retail Debit Balances
Retailers and suppliers are seeking a way to handle retail debit balances that is fair to all parties.
Retailers and suppliers are seeking a way to handle retail debit balances that is fair to all parties.
05/10/2016
Money Fund Reform: Should Your Investment Policy Change?
Despite having more than two years to prepare, many treasury departments still have no idea how their investment policies will change come October, when market fund reforms finally kick in.
Despite having more than two years to prepare, many treasury departments still have no idea how their investment policies will change come October, when market fund reforms finally kick in.
05/09/2016
Priceline Treasurer Led Before Taking On a Leadership Role
As a trader throughout his career, Douglas Tropp, treasurer of The Priceline Group Inc., had numerous experiences as an individual contributor. What he learned was how to lead through influencing when there’s not a direct reporting relationship.
As a trader throughout his career, Douglas Tropp, treasurer of The Priceline Group Inc., had numerous experiences as an individual contributor. What he learned was how to lead through influencing when there’s not a direct reporting relationship.
05/05/2016
FP&A: Working Cross-Functionally is Key
In the latest edition of AFP's FP&A newsletter, Irena Barisic, FP&A, deputy CFO of the Brookings Institution, explains why collaborating with staff across all levels of the organization is essential.
In the latest edition of AFP's FP&A newsletter, Irena Barisic, FP&A, deputy CFO of the Brookings Institution, explains why collaborating with staff across all levels of the organization is essential.
05/05/2016
FP&A Is a Strategic Partner to All Staff—Not Just Management
For Irena Barisic, FP&A, deputy CFO for the Brookings Institution, financial planning and analysis is all about collaborating with staff across all levels of the organization in looking forward and anticipating over-the-horizon financial risks and challenges.
For Irena Barisic, FP&A, deputy CFO for the Brookings Institution, financial planning and analysis is all about collaborating with staff across all levels of the organization in looking forward and anticipating over-the-horizon financial risks and challenges.
05/04/2016
Four Keys to a Successful Supply Chain Finance Program
More companies are exploring the benefits of setting up a supply chain finance program. But to benefit fully from such a program, it is important to avoid four pitfalls.
More companies are exploring the benefits of setting up a supply chain finance program. But to benefit fully from such a program, it is important to avoid four pitfalls.
05/04/2016
FP&A Exam Tips: Making the Best Use of Your Time
Preparing for the FP&A exam requires a commitment of time, which many professionals have in short supply, so making the most efficient use of your studying is of the utmost importance.
Preparing for the FP&A exam requires a commitment of time, which many professionals have in short supply, so making the most efficient use of your studying is of the utmost importance.
05/04/2016
Video: Presenting to the Board of Directors
In the latest video from AFP's In-Depth series, Tina Workman, Vice President of Accounting and Assistant Treasurer for Shelter Insurance Companies, provides tips for an effective presentation to your board of directors.
In the latest video from AFP's In-Depth series, Tina Workman, Vice President of Accounting and Assistant Treasurer for Shelter Insurance Companies, provides tips for an effective presentation to your board of directors.
05/03/2016
BlackRock’s Richie Prager to Keynote CTC Forum
Richie Prager, managing director, head of the trading, liquidity and investments platform for BlackRock, will keynote the luncheon session at the CTC Corporate Treasurers Forum, May 22-24, in San Francisco.
Richie Prager, managing director, head of the trading, liquidity and investments platform for BlackRock, will keynote the luncheon session at the CTC Corporate Treasurers Forum, May 22-24, in San Francisco.
05/02/2016
Unique: How Millennials in Finance View Themselves
To improve our understanding of the unique challenges and opportunities millennials bring to the finance function, AFP interviewed two millennial finance professionals.
To improve our understanding of the unique challenges and opportunities millennials bring to the finance function, AFP interviewed two millennial finance professionals.
05/02/2016
Video: The Fed Wants Treasurers' Input on Payments
Ed Mundt, CTP, treasurer for Hard Rock International and a member of the Federal Reserve Faster Payments Task Force steering committee, provides an update on the task force and encourages corporate treasurers to get involved.
Ed Mundt, CTP, treasurer for Hard Rock International and a member of the Federal Reserve Faster Payments Task Force steering committee, provides an update on the task force and encourages corporate treasurers to get involved.
04/29/2016
CTP Exam Tips: The Tools to Pass
So you’re preparing for the CTP Exam and you’re probably wondering “where do I go and what do I do?” There are steps you can take to make sure that you are fully prepared for the exam.
So you’re preparing for the CTP Exam and you’re probably wondering “where do I go and what do I do?” There are steps you can take to make sure that you are fully prepared for the exam.
04/28/2016
Futures in Finance: Tap Into Your Energy Sources
In the latest edition of Futures in Finance, CTC Corporate Treasurers Forum speaker Laurie Coe of The Energy Project discusses how treasury and finance executives can inspire their employees to bring more of their potential to work every day.
In the latest edition of Futures in Finance, CTC Corporate Treasurers Forum speaker Laurie Coe of The Energy Project discusses how treasury and finance executives can inspire their employees to bring more of their potential to work every day.
04/28/2016
FP&A Exam Tips: Worksheet Simulation Section
After you get through the multiple choice section in part one of the FP&A Exam, it’s time to take on the worksheet simulation section.
After you get through the multiple choice section in part one of the FP&A Exam, it’s time to take on the worksheet simulation section.
04/27/2016
Video: Gilead Sciences on the Challenges of Rapid Growth
In the latest video from AFP's latest In-Depth series, Peter Shen, CFA, assistant treasurer of Gilead Sciences, discusses the challenges of leading a rapidly growing organization.
In the latest video from AFP's latest In-Depth series, Peter Shen, CFA, assistant treasurer of Gilead Sciences, discusses the challenges of leading a rapidly growing organization.
04/27/2016
AFP CCI: U.S. Firms to Resume Accumulating Cash in Q2
American companies said they would deploy their cash in the first quarter of 2016—and they did, according to the AFP Corporate Cash Indicators® (AFP CCI).
American companies said they would deploy their cash in the first quarter of 2016—and they did, according to the AFP Corporate Cash Indicators® (AFP CCI).
04/26/2016
Could Multicurrency Accounts Improve U.S. Competitiveness?
Should American corporations hold multicurrency accounts in U.S.-based banks?
Should American corporations hold multicurrency accounts in U.S.-based banks?
04/26/2016
Earnings Credit Rate: Predicting the Cloudy Future of ECR
Due to the combination of Regulation Q’s repeal in 2010 and Fed rates finally moving higher, the future of the earnings credit rate is up in the air.
Due to the combination of Regulation Q’s repeal in 2010 and Fed rates finally moving higher, the future of the earnings credit rate is up in the air.
04/25/2016
Hackers Hit SWIFT Software: How Treasurers Should Respond
Cybercriminals who stole $81 million from the Bangladesh central bank likely compromised SWIFT software that the bank was using, according to British defense contractor BAE Systems.
Cybercriminals who stole $81 million from the Bangladesh central bank likely compromised SWIFT software that the bank was using, according to British defense contractor BAE Systems.
04/25/2016
Video: What Treasury Should Do When Disaster Strikes
Sarah Schaus, Assistant Treasurer & AVP for Allianz Life Insurance Company, provides some key tips on business continuity planning (BCP) for treasurers.
Sarah Schaus, Assistant Treasurer & AVP for Allianz Life Insurance Company, provides some key tips on business continuity planning (BCP) for treasurers.
04/22/2016
AFP Payments: What Are Treasury’s Cross-Border Needs?
The latest edition of AFP Payments looks at what corporate treasurers want from cross-border payment initiatives. While real-time payments are all the rage these days, treasurers are far more concerned with certainty and transparency than they are with speed.
The latest edition of AFP Payments looks at what corporate treasurers want from cross-border payment initiatives. While real-time payments are all the rage these days, treasurers are far more concerned with certainty and transparency than they are with speed.
04/21/2016
How Swiss Re Fosters Collaboration Between Treasury and FP&A
In the latest video from AFP's In-Depth series, Dr. Andreas Schertzinger, Managing Director for the Head of Reinsurance FP&A for Swiss Re, discusses the importance of collaboration between treasury and FP&A through data and human interactions.
In the latest video from AFP's In-Depth series, Dr. Andreas Schertzinger, Managing Director for the Head of Reinsurance FP&A for Swiss Re, discusses the importance of collaboration between treasury and FP&A through data and human interactions.
04/21/2016
3 Ways Treasury Can Optimize Its International Strategy
Corporate treasury and bank executives offered some best practices for companies expanding internationally at the TEXPO 2016 treasury management conference.
Corporate treasury and bank executives offered some best practices for companies expanding internationally at the TEXPO 2016 treasury management conference.
04/20/2016
Reality Bytes: Faster and Slower Payments Will Coexist
The overall view from the NACHA Payments conference is that faster and slower forms of payments can, and will coexist, as they are driven by different needs.
The overall view from the NACHA Payments conference is that faster and slower forms of payments can, and will coexist, as they are driven by different needs.
04/20/2016
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