CryptoRisk Management
October 7, 2021

Cryptocurrency Challenges: A Risk Manager Prepares with Peers

Insights and observations on the intersection of treasury and crypto in a video interview with Medtronic’s Tim Husnik.Medtronic senior treasury director Tim Husnik loves a challenge. So it’s no surprise that he’s giving lots of thought to what his FX risk management team and other treasury groups will need to do, and how to do it, if Medtronic customers start asking to pay for products with cryptocurrency. “There will be an intersection with treasury at some point in the future,”…
Investment ManagementTalking Shop
October 7, 2021

Talking Shop: Cash Needs in Israel, Cash Investments in China

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “A global banking partner is discontinuing physical cash services in Israel, where our cash needs typically exceed ATM levels. “Does anyone have experience obtaining USD and ILS (Israeli new shekel) in country without opening a local bank account?” Peer answer: “Our global bank partner can offer USD and ILS accounts…
BankingTechnology
October 5, 2021

Money Is Time: How TIS Simplified One Treasurer’s Bank Connectivity

With flexibility in both bank file types and system compatibility, TIS can be the key to a “best-of-breed” approach. Fernando Tenuta, an assistant treasurer at the staffing solutions provider ManpowerGroup, knew he was in for a steep climb when he was tasked with digitizing treasury and assisting with a cloud-based ERP. But he got a lift in the form of Treasury Intelligence Solutions (TIS), a bank connectivity aggregator whose solutions are specifically designed to make this kind of process simpler.…
Capital MarketsTalking Shop
September 30, 2021

Talking Shop: How Long Is Your 10b5-1 Buyback Cooling-Off Period?

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “We have stringent guidelines for establishing 10b5-1 plans: A cooling-off period of 30 days between executing a 10b5-1 plan and the first trade under the plan. “The program should generally be no shorter than six months in duration and must not be ‘front-loaded’ (i.e., relatively even purchases over five months).“We’re…
Capital MarketsCompliance
September 23, 2021

Caution at the 10b5-1 Intersection: Buyback Plans and Insider Sales

Companies using 10b5-1 plans for buybacks should keep informed about possible SEC rule changes aimed at executive stock sales.The treasurer of a mega-cap tech company told peers at a recent NeuGroup meeting that he’s been hearing more “noise with regards to the SEC tightening up controls around repurchase windows” from the company’s legal team. He added, “We’re going to keep a close eye on it. We may tighten up our rules.” The very same day—Sept. 9—SEC Chairman Gary Gensler thanked…
BankingTalking Shop
September 16, 2021

Talking Shop: Selecting Signatories on Global Bank Accounts

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “The signatories on your global bank accounts are most accurately reflected by which of the following choices?” Treasury staff only.Treasury staff plus non-treasury staff in the region of the account.Non-treasury staff who are in the region of the account. Peer responses: Peer answer 1: “We have split the global treasury…
CryptoTechnology
September 9, 2021

Diving Into the NFT Deep End: Auctions, Crypto Risk and ESG Concerns

One AT helped marketing capitalize on the nonfungible token craze while minimizing financial and reputational risk.Amid all the buzz and flurry of headlines around nonfungible tokens (NFTs), the actual process of creating, selling and maintaining them is somewhat cloudy. When one NeuGroup member was thrown into the deep end by his company’s marketing team, he had only six weeks to swim his way to the surface and prepare treasury for a public NFT auction. NFTs are unique digital assets that…
Capital MarketsCash InvestmentsCrypto
September 9, 2021

Hunting for Yield With Crypto-based Lending Amid Regulatory Fog

Corporates seeking better returns on cash by lending crypto weigh falling rates and regulatory uncertainty.News this week that the SEC is investigating Coinbase Global over a lending program and may sue the company could have a chilling effect on corporates that were considering buying and then lending cryptocurrency to pick up yield. But the fact remains that corporate treasuries have been challenged for years to find investments in which to park cash that provide attractive, positive returns.And a small but increasing…
NeuGroup News
September 8, 2021

Fall Into Second-Half Meetings With NeuGroup

As the weather starts to cool and the calendar changes, a look at what’s ahead.  NeuGroup’s second virtual meeting cycle of 2021 begins tomorrow, September 9, with a meeting of NeuGroup for Mega-Cap Treasurers, and will run for the next few months, gathering corporate treasurers and finance professionals from across the world to share and learn in the NeuGroup experience.  So what else lies ahead? Take a look at the member-only sessions coming just this month and visit our events page to learn more.  Around the group.  NeuGroup for Mega-Cap Treasurers. On September 9, mega-cap treasurers…
NeuGroup News
August 26, 2021

Connected By NeuGroup: Turbocharged

In an impromptu meeting of NeuGroup for Life Sciences Treasurers, members hashed out treasury organization structures.  “Connected by NeuGroup” is a phrase we use to describe one of the key benefits of being a NeuGroup member: the opportunity to reach out to peers on a topic of concern, whether directly or through our expert matchmaking peer group leaders.  Just recently, when one NeuGroup for Life Sciences Treasurers member reached out to a peer group leader with a question about treasury organizational structures, it led to a turbocharged, peer group-wide Connected by NeuGroup experience.  A super session. The session originated with a…