Treasury Strategies Testifies to Congress on the Volcker Rule Jan 18, 2012
Description:
Treasury Strategies testified at the U.S. Congressional hearing "Examining the Impact of the Volcker Rule on Markets, Businesses, Investors and Job Creation." Anthony J. Carfang, a founding partner, represented and served as spokesperson for the firm as well as the U.S. Chamber of Commerce.
The testimony had five main points.
- U.S. Businesses are among the most capital efficient in the world. The Volcker Rule will change that.
- Risk can neither be created or destroyed. It can only be transformed. The Volcker Rule transforms financial risk from banks to corporate treasurers.
- The rule writing process itself will lead to overlap and confusion, which could possibly lead to gridlock.
- The Volcker Rule is one of four major financial regulations, each untested in the real world, that will hit the markets simultaneously. That is a huge huge risk.
- There are no do-overs.
Click here to download the full text of our testimony.
Chamber Educates Regulators About Benefits of MMFs to Business Dec 16, 2011
Description:
The U.S. Chamber of Commerce, the world's largest business federation representing the interests of over 3 million companies, is in the midst of a multipronged campaign to explain why regulators should "proceed with extreme caution" before again modifying Rule 2a-7 money-market funds that could have unintended consequenses for businesses.
The Chamber has enlisted the help of Treasury Strategies to give corporate treasurers a voice in the ongoing debate about additional MMF regulatory changes.
Read the full article, "Chamber Educates Regulators About Benefits of MMFs to Business."
Companies are Repositioned for Profit Despite Sluggish Prognosis Dec 08, 2011
Description: Corporate cash trends over the last year point to purposeful repositioning for profitable operations, according to Treasury Strategies, a treasury consulting firm. This was reported during today’s live web briefing on the firm’s quarterly study of corporate cash levels.
Click here to access the full press release.
Treasury 3.0℠ Services Nov 11, 2011
Description:
The treasury services business today is at a crossroads. Corporate treasury departments are increasingly establishing enterprise-wide support structures and operating procedures for all their banking, cash management, investment, debt and working capital needs. Simultaneously, they are working to streamline and optimize performance.
To remain relevant, financial services providers must have a profound understanding of the motivations and concerns of treasurers and working capital executives.
Read the full Treasury 3.0℠ Services report.
Carfang discusses corporate cash on BNN's "Headline" with Howard Green Oct 18, 2011
Description: Tony Carfang appeared on "Headline" with Howard Green, the flagship show of Canada's Business News Network. He and other guests debated the issue surrounding high corporate cash levels. Click the links below to watch the interview:
Clip 1
Clip 2
Record UK & Eurozone Corporate Cash is not the Result of Systematic Hoarding, According to Treasury Strategies Oct 12, 2011
Description:
12 October 2011 – London – Treasury Strategies, a treasury consulting firm, recently reported that UK and Eurozone corporate cash levels had been rising strongly for nearly a decade. This report throws into question recent contentions that corporations have been hoarding cash since the financial crisis and contributing to delayed economic recovery.
Click here to view the full press release.
Click here to download a copy of the research report.
The Quarterly UK & Eurozone Corporate Cash Report™ Oct 12, 2011
Description:
Corporate Cash Remains Near Record Highs
UK and Eurozone corporate cash and short-term investments remain near all- time highs as of the first quarter of 2011. The region has been experiencing moderate-to-strong corporate cash growth for over a decade. An acceleration in cash growth occurred in 2002 that leveled off at the onset of the financial crisis in 2008. The current trend indicates businesses are matching income and expenditures and that corporate treasurers remain cautious about deploying current cash pools.
Click here to download the full report.
Rapid TMS & SWIFT Implementation Takes Styron Closer to Treasury 3.0, According to Treasury Strategies Sep 20, 2011
Description:
With guidance from Treasury Strategies, Inc., Styron, LLC successfully implemented an IT2 treasury system and SWIFT bank connectivity both on time and on budget in a very aggressive timeframe.
Click here to view the full press release.
Treasury Strategies’ Transaction Banking Index Reaches Record Levels, Driven by Global Trade Growth Sep 19, 2011
Description:
Treasury Strategies announced today the Transaction Banking Index! reached 115 in the second quarter 2011 – a
record high. This new level represents an 8% year-over-year growth in the business.
Click here to view the full press release.
Record High Corporate Cash Levels Break the $2 Trillion Barrier Sep 16, 2011
Description:
The Federal Reserve today reported corporate cash balances grew to $2.05 trillion – a 4.5% increase over last quarter – representing a $648 billion increase since the first quarter of 2009, according to Treasury Strategies, a treasury consulting firm.
Click here to view the full press release.
