OpenTreasury

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following:

• The US and China ending a dispute that threatened to boot Chinese companies from US stock exchanges
• Euro slumping to two-decade low
• The US Federal Reserve (Fed) indicating and sticking to rate-hiking message
• The UK National grid wargaming for winter disaster on energy supplies
• Shell CEO issuing dire warning as Europe faces 'really tough' winter
• Growing exodus of Hong Kong residents shrinks the city's workforce

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following:

• Russia offering SCO countries connection to its version of SWIFT
• Multinational companies developing contingency plans in the event of a US-China military conflict
• UBS investing in BigPanda, an American AI company
• Lending rates lowered again in China
• BlackRock warning Wall Street watchdog that new ESG rules could harm investors
• Drought hurting China's economy
• The Rhine shrinking, adding to Germany's ongoing economic woes

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include India swapping the dollar for Asian currencies to pay for Russian trade; China's economy slowing, prompting unexpected interest rate cuts; Citi announcing new sustainability-linked time deposit solution; Iran placing its first ever import order using cryptocurrency; and the growing threat of deepfake technology to an organization's finances, brand and executive reputation.

• India foregoes the US dollar in trades with Russia
• China's economy takes a downturn due to pandemic outbreaks and fragile property market
• Citi introduces a deposit solution based on sustainability
• Iran places its first cryptocurrency import order
• Deepfake technology poses security and reputational risks for CEOs, CFOs and treasurers

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following:

• Carry traders "use weak euro to win in emerging markets"
• Turkey's inflation surge drives company debt to distressed level
• UK business insolvencies reach an all-time high
• Growth in same-day ACH propels the ACH Network to 2Q profits
• American Express introduces a digital, cross-border payment solution for small businesses in the US
• TD Bank nears US $1bn deal to buy investment bank Cowen
• Global Payments to acquire EVO for $4 billion to help expand its B2B business
• UK faces the highest rate of card fraud in Europe
• Mobile Security Index 2022: more companies experiencing mobile-related compromises

Pushpendra Mehta meets with Paul Galloway, Senior Advisor at Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following:

Strong dollar wipes billions of corporate America's earnings

• https://ctmfile.com/story/strong-dollar-wipes-billions-of-corporate-americas-earnings

Venture capitalists continue crypto investments – Industry roundup: 27 July

• https://ctmfile.com/story/venture-capitalists-continue-crypto-investments-industry-roundup-27-july

US rate hike adds to pressure on central banks – Industry roundup: 28 July

• https://ctmfile.com/story/us-rate-hike-adds-to-pressure-on-central-banks-industry-roundup-twenty-eighth-july

Yellen backs 'friend-shoring' to bolster supply chains – Industry roundup: 21 July

• https://ctmfile.com/story/yellen-backs-friend-shoring-to-bolster-supply-chains-industry-roundup-twenty-first-july

Debate heats up on privatising India's banks

• https://ctmfile.com/story/indias-banks-time-to-privatise-industry-roundup-twenty-sixth-july

Working Capital Survey 2022: Companies need to prepare for tighter liquidity

• https://ctmfile.com/story/working-capital-survey-2022-companies-need-to-prepare-for-tighter-liquidity

SWIFT tasked with new cross-border payments challenges – Industry roundup: 29 July

• https://ctmfile.com/story/swift-tasked-with-new-cross-border-payments-challenges-industry-roundup-29-july

The digital transformation of the global payments landscape: key components and markets

• https://ctmfile.com/story/the-digital-transformation-of-the-global-payments-landscape-key-components-and-markets

Pushpendra Mehta meets with Bob Stark, Global Head of Market Strategy at Kyriba, and Craig Jeffery, Managing Partner of Strategic Treasurer, to review the latest treasury news and developments. Topics of discussion include the following:

• Australia's central bank signalling series of interest rate hikes to combat inflation
• European Central Bank's first interest rate increase in 11 years
• Planned corporate bond deals increasingly being called off as cheap funds end
• US not prohibiting agricultural commodities from Russia
• Payments sent using Zelle surpassed checks written by Bank of America customers in 2021
• Juniper Research predicts total number of tokenised payment transactions worldwide will exceed 1 trillion by 2026
• BNP Paribas entering the crypto custody space
• The US Securities and Exchange Commission working to register crypto lending firms

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following:

• Bank of Canada's shocking 100 basis points rate hike to tame inflation
• China's slowing economy
• U.S. inflation accelerating to a fresh 41-year high
• European Central Bank rolling out new bond instrument to contain the spread on Italian debt
• Risk management processes in U.S. corporations not keeping pace with growing risks
• Ransom payments rising as ransomware remains cybersecurity's biggest challenge
• Citigroup's Treasury and Trade Solutions (TTS) business posting a 33% jump in revenue

Pushpendra Mehta meets with Craig Jeffery, Managing Partner of Strategic Treasurer, and Jack Large, Editor of CTMfile, to review the latest treasury news and developments. Topics of discussion include the following:

• Bank of England's warning on commodities
• China considering stimulus
• Evergrande Group on the verge of a landmark onshore default
• Euro sliding to a 20-year low
• HSBC looking to sell Russian business to Expobank
• Venture capital investments in embedded finance doubling in 2021
• The European Central Bank's confirmation of TARGET2-Securities (T2S) platform
• Denmark's central bank questioning the motivation for adopting CBDC
• FT alleging Wirecard forged client details for investment from SoftBank
• Juniper Research estimating online payment fraud losses to exceed $343 billion by 2027

Pushpendra Mehta sits down with Craig Jeffery, Managing Partner of Strategic Treasurer, to discuss key insights from the thirteenth topic and fourteenth article in a series on leading practices in corporate treasury published on CTMfile. This article and their discussion today cover preparing for and monitoring unexpected events.

Leading practices part 12: Preparing for and monitoring unexpected events

Defaults, rate hikes and withdrawals. On this podcast, Jonathan, Craig and Jack discuss this week's top stories and developments in treasury.

• Chinese developer Shimao defaults on US$1bn bond
• Recession fears "leave €40bn of European corporate bonds in distress"
• Third successive rate hike in Australia
• Corporate fundraising slips 25% as caution rules
• The Bank of London and SAP Fioneer partner to revolutionize global clearing and transaction banking
• Goldman Sachs and Derivative Path collaborate to expand transaction banking
• BNP Paribas exits the commodity finance business in the United States

Honorable Mentions

• EU agrees regulation for 'wild west' of crypto assets
• Crypto lender Vauld suspends withdrawals