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World-Class FX Management Standards Set

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Accounting and Regulation

More Fair Value for Financial Instruments 

What you need to know about proposed accounting update guideance.

Latest Intelligence:

Developing Issues: China’s Banks, Cash Investment Infrastructure, Risk Oversight
Developing Issues:

China’s Banks, Cash Investment Infrastructure, Risk Oversight

What’s on International Treasurer’s radar screen this week.


July 29, 2010
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This Month in International Treasurer:

Venezuela Update: New FX Market Leaves Many Scratching Heads
Regional Treasury

Venezuela Update: New FX Market Leaves Many Scratching Heads

Recent Venezuelan government actions with its FX market have treasurers looking for answers.

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News Briefs:

Contain that surplus. IMF says China's trade surplus will balloon if government doesn't act. (WSJ)  

Dodd and Frank show goes global. US regulators plan hearings on Basel III capital regs. (Bloomberg)  

Not anytime soon. Democrats say big-bank tax a long way off. (The Hill)

Bank customers will pay. Wells Fargo says not just banks but customers, too, will bear cost of new financial rules. (Bloomberg Businessweek)

Objection! Germany takes issue with latest Basell III rules proposals. (WSJ)

Easy Basel. Basel III eases up on liquidity and capital requirements. (NYT)

Borrowing increases. Equipment Leasing and Finance Association says business borrowing up in June. (ELFAonline.org)

Where's the money? Having passed the stress tests, Europe's banks face next challenge: raising money to lend to business. (WSJ)

Basel III on course. Committee reaches agreement on definition of capital, treatment of counterparty risk. (WSJ)

Stumbling block. Banks could lose margins and competitive edge as a result of Dodd-Frank. (Risk.net)

The not-so-magnificent 7. Only seven of 91 banks fail European bank stress tests. (WSJ) 

ABS reprieve. SEC will give issuers a six-month grace period before complying with new regulations. (Bloomberg)

Basel cap agreement. Committee close to consense on how capital will be defined and when to put borrowing caps on banks. (Bloomberg)

Some see thaw. New credit-rating rules won't freeze ABS market as some fear. (Bloomberg)

 

 

 

 

Weekly Datapoints:

Corporate ERM Programs Progress


Comparing results from The NeuGroup's Corporate ERM Group meetings in the spring of 2010 versus 2009, we see how corporate ERM programs have made tangible progress toward two key goals. For example, 14% now have a clear mandate for ERM involvement in all new corporate intiatives to assess potential new risks and impact on existing enterprise risks, where they were just mostly involved last year. On the other end of the spectrum, just 21% versus 30% a year ago never see ERM involved in new intiatives. As for involvement in strategic and financial planning, 43% of ERM respondents said they were always involved, versus 30% last year, and those sometimes involved are now more likely to be mostly involved. Plus, just 7% versus 20% in 2009 said they were never involved in strategic planning.

Corporate ERM Group Comparison

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