What was first? Lehman Brothers’ collapse or Basel-3? And how did Asia get dragged in? (3/4)

What was first? Lehman Brothers’ collapse or Basel-3? And how did Asia get dragged in? (3/4)

A series on what Treasury Professionals should know about Basel-3. In this article the timing of Lehman Brothers’ collapse and the introduction of Basel-3. Also a closer look at how Asia, in particular Singapore, got dragged in. Continue reading What was first? Lehman Brothers’ collapse or Basel-3? And how did Asia get dragged in? (3/4)

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Must-know about Basel-3: Leverage Ratio (LR) and Notional Cash Pools. (2/4)

Must-know about Basel-3: Leverage Ratio (LR) and Notional Cash Pools. (2/4)

What Treasury Professionals should know about Basel-3. In this article “Leverage Ratio (LR) and Notional Cash Pools”. Many have overheard that also the LR seems at odds with Notional Cash Pools. What does it mean? Why and how does it hurt banks? Many have an opinion, but only few know the facts. This article explains. Continue reading Must-know about Basel-3: Leverage Ratio (LR) and Notional Cash Pools. (2/4)

Must-know about Basel-3: Liquidity Coverage Ratio (LCR) and Notional Cash Pools. (1/4)

Must-know about Basel-3: Liquidity Coverage Ratio (LCR) and Notional Cash Pools. (1/4)

What Treasury Professionals should know about Basel-3. Many have overheard that the LCR seems at odds with Notional Cash Pools. What does it mean? How is it calculated? Why and how does it hurt banks? Many have an opinion, but only few know the facts. This article explains. Continue reading Must-know about Basel-3: Liquidity Coverage Ratio (LCR) and Notional Cash Pools. (1/4)

Transfer Pricing re-calibrated: “Value creation”. The new Dutch TP Decree.

Transfer Pricing re-calibrated: “Value creation”. The new Dutch TP Decree.

On May 11, the Dutch Ministry of Finance published a new Transfer Pricing Decree. But don’t think this is an isolated case, applicable only to Dutch MNCs (Multinational Companies). This is a coordinated approach by Tax Authorities globally. Hence relevant for MNC’s worldwide. This article takes a closer look. Continue reading Transfer Pricing re-calibrated: “Value creation”. The new Dutch TP Decree.

Britain scraps world’s #1 benchmark LIBOR (from end of 2021) – but it is not solely a London problem!

Britain scraps world’s #1 benchmark LIBOR (from end of 2021) – but it is not solely a London problem!

Many have called it the most important number in the world, but soon it will disappear, the Intercontinental Exchange London Interbank Bank Offered Rate, otherwise known as LIBOR or ICE LIBOR (previously BBA LIBOR). LIBOR is the most widely used benchmark for short-term interest rates in the world. Banks and corporates rely on it extensively. So if LIBOR is so popular, why will it disappear and what is replacing it? What happens to LIBOR based products if LIBOR is no longer available? Continue reading Britain scraps world’s #1 benchmark LIBOR (from end of 2021) – but it is not solely a London problem!

Comprehensive Probe Into How And Why Chinese Companies Use Tax Havens And Offshore Financial Centres – A Tax Integrity Reference Work.

Comprehensive Probe Into How And Why Chinese Companies Use Tax Havens And Offshore Financial Centres – A Tax Integrity Reference Work.

Must read for those involved in Client Tax Integrity. Paradise Papers in relation to China. All-inclusive research into why Chinese multinational companies are registered in tax havens. A closer look at the Chinese expansion strategy, and why offshore entities in tax havens fit that strategy. A detailed examination of the advantages of tax havens and the resulting Chinese selection criteria applied to territories for overseas entities. This against the backdrop of tax evasion and aggressive tax avoidance. Continue reading Comprehensive Probe Into How And Why Chinese Companies Use Tax Havens And Offshore Financial Centres – A Tax Integrity Reference Work.

Introducing Treasury to Millennials – Role & Evolution.

Introducing Treasury to Millennials – Role & Evolution.

Whilst the treasury profession remains largely male-dominated, I recently had the pleasure to welcome an engaging young lady for a (very) short internship. Eva. And as she enquired about Treasury as we went along, I realized how difficult it is, for those making career choices at school, or those just starting out in the professional world, to comprehend what Treasury actually encompasses. How it evolves and what the prospects are for the future. Hence a simplified perspective for those not too familiar with Treasury. Continue reading Introducing Treasury to Millennials – Role & Evolution.