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Simplifying Cross-Border Payment Workflows

Jeff Diorio of Treasury Strategies Inc., a unit of Novantas, joins other industry experts in a GTreasury on the GTreasury Podcast that explores cross-border treasury payment trends amid the COVID-19 pandemic. You can access the podcast here.  

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Libor’s 2021 Demise Means More Work for Treasury

The fate of Libor, the rate that underpins $350 trillion worth of financial contracts, has been hanging in the wind for years. Now its future is clear: The U.K.’s Financial Conduct Authority (FCA) says Libor will cease to exist by the end of 2021. And that means a lot of work for corporate treasurers, who

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Money Fund Rollback Gains Traction in Congress

Bipartisan support is growing for a bill that would roll back money-market fund reform. Eight representatives signed on as co-sponsors of the Consumer Financial Choice and Capital Markets Protection Act last week, according to the Library of Congress’ website, Congress.gov. Although similarly named, the bill is different from the Financial Choice Act, which aims to

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Treasury Strategies Testifies on “The Impact of Regulations on Short-Term Financing” to the U.S. Congress

Anthony Carfang, Managing Director of Treasury Strategies, a division of Novantas, Inc. testified today at the U.S. House of Representatives on “The Impact of Regulations on Short-Term Financing.” Treasury Strategies supports well-thought-out efforts to improve economic efficiency and to reduce the likelihood of another systemic failure. Citing experiences of Treasury Strategies’ corporate clients, Carfang raised

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Treasury Makes Room for Pooling

The U.S. Treasury Department’s final version of rules aimed at curbing corporate inversions eliminates the threat to cash management tools used by corporate treasuries, such as cash pooling, that was posed by the former version of the rules. “In response to thoughtful feedback, Treasury is providing a broad exemption for cash pools and other loans

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Regulatory Watch: Post-Rule Change, Prime Funds in the Balance

Signals point to prime fund inflows but nothing yet and extent unknown. October 14 has come and gone and there are a couple money market fund trends that may bode well for prime money market funds. One is that spreads between institutional prime and government MMFs have widened since the October 14 implementation of new