Posts Tagged ‘Dodd-Frank’
ACT Conference Review: The Age of Treasury – Evolution or Revolution?
At the ACT Annual Conference, over 600 finance professionals from every major industry and from all career levels met in May in Manchester to review what´s challenging treasury and how treasury is adapting. Uncertainty Challenges UK Treasurers Finance professionals in the UK face a lot of uncertainty. There is uncertainty about Scotland´s future, the UK´s participation…
Read MoreWhich Commodity Risk Manager Are You And Where Are You Heading?
In an era of tightening profit margins, high commodity price volatility and increased supplier credit risk, CFOs are increasingly turning to their treasurers for help. As treasurers are dealing with the complexities of foreign exchange, interest rate or credit risk on a daily basis, they have established risk management frameworks, and therefore, are trusted to…
Read MoreTreasury Outlook with Swarovski´s Oliver Gygax
Oliver Gygax, Vice President Corporate Treasury at Swarovski shares views and visions in an interview with Reval. 1) What has been the most challenging project in your treasury department in 2013? The new “Know Your Customer” requirements differ a lot from country to country, complicating bank relationship management. In some cases, opening a new bank…
Read MoreTreasury Outlook with Virgin Atlantic´s Giovanni Sinatra
Giovanni Sinatra, Front Office Treasury Manager, Financial Risk and Fuel Management at Virgin Atlantic Airways Ltd shares views and visions in an interview with Reval. 1) What was the most challenging project in your treasury department in 2013? Increasing regulatory requirements kept our treasury team busy in 2013. As an airline company, we have a…
Read MoreAnother Common Sense Win For End-Users Under Dodd-Frank
Better late than never. Last week the CFTC provided a no-action letter recommending that the Commission does not enforce the requirement for inter-affiliate swap reporting under Part 45 governing Swap Data Repository (SDR) rules. Under these rules, a non-financial corporate that centralizes its hedging activity by consolidating its group needs into a larger dealer-facing swap…
Read MoreWould Dodd-Frank have prevented Bob Citron bankrupting the OC in 1994?
Stringent accounting rules and Dodd Frank regulation would have gone a long way in the towards stemming the losses in the Orange County debacle, but weak internal controls with individual intent on creating amazing market returns, is a recipe for financial disaster.
Read MoreChristmas Comes Early For Hedgers of FX Swaps & Forwards Under Dodd-Frank
At long last, the U.S. Treasury Department on Friday came out with the final determination that FX swaps and FX forwards will be exempt from mandatory trading and clearing under Dodd-Frank.
Read MoreVerdict on regulation of Fx Swaps & Forwards: still waiting, but reporting to SDRs will be required
Foreign Exchange dealers, hedgers, SEFs and DCOs eagerly awaited clarification on whether or not FX swaps and forwards would be classified as a Swap under the CFTC definitional rule passed on July 10th. Almost two years ago, the U.S. Treasury secretary had received the option under Dodd-Frank to determine if these commonly used derivatives should…
Read MoreTwo years later, the Dodd-Frank train has left the station.
With the passing of the Swap Definition rule on Tuesday, July 10th the clock really starts ticking as some key rules are going into effect this fall. Any rational person would assume that before you write rules governing Swaps, you start with the simple task of defining the Swap. Unfortunately life in the derivative world…
Read MoreWelcome to the Treasury Grapevine, a new blog from Reval
What’s keeping you up at night? The Eurozone crisis? Dodd-Frank? The fragile economy? Oil market volatility? Each of these concerns are enough to keep treasurers and CFOs around the globe up at night; combined, and it’s a wonder any of us sleep at all. Although crises are the norm in today’s financial environment, treasury organizations…
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