The Financial Conduct Authority (FCA) is embarking on the most significant set of reforms in the UK capital markets in a generation, the aims of which include improving investor access to non-equity securities (i.e. bonds). If implemented, these could see retail investors being able to access regulated and typically investment grade bonds on the primary […]
Following the EU’s provisional instant payments agreement, Laurent Descout, Founder and CEO of TMI Innovation Lab entrant Neo, takes a closer look at the legislation, exploring its implications for corporates. The European Council and European Parliament struck a provisional agreement towards the end of 2023 requiring all payment service providers (PSPs) operating in the EU […]
The Single Euro Payments Area (SEPA) is an integration initiative that is the cornerstone of Europe’s efficient financial market. It comprises 36 countries, including several that are not members of the EU. SEPA enables financial transactions (both in cash and without a physical currency) without barriers. Its benefits regarding the ease of doing business across […]
The recent launch of the International Sustainability Standards Board’s (ISSB’s) two standards for sustainability-related financial reporting – covering general requirements (IFRS S1) and climate-related disclosures (IFRS S2), respectively – is a major milestone in raising the status and promoting the standardisation of sustainability-related financial reporting globally. The ISSB has already received support from bodies such […]
If you’ve not yet heard about financed emissions, get ready to do your homework. They are about to become a key part of banks’ lending decisions and could potentially put pressure on corporate access to capital. Michelle Horsfield, Executive Director, SMBC Group, explains the basics. Financed emissions is a metric that apportions emissions to a […]
In the ever-evolving landscape of global finance, staying ahead of industry-wide transformations is paramount. One such seismic shift is the ISO 20022 migration, which has far-reaching implications for corporates across the globe. With recent milestones achieved and new rules established, the time has come for corporate leaders to navigate the path towards seamless ISO 20022 […]
The MMF industries in the US and Europe are highly regulated, particularly following the global financial crisis of 2008. The funds have required liquidity levels, and investors can face additional costs and fees if their movement of cash out of a fund has a detrimental impact upon it. The first significant test of these rules […]
The IFRS Foundation has recently established a ‘sister’ standard setter to the International Accounting Standards Board (IASB). The remit of the International Sustainability Standards Board (ISSB), announced in November 2021, is to meet investor demand for “high quality, transparent, reliable and comparable reporting by companies on climate and other ESG matters.”1 This is complementary, but […]
15 Critical Regulatory Changes for European Treasurers Much like the sound of thunder follows a fork of lightning, financial regulation tends to follow a crisis. With European treasurers still adjusting to the post-Covid reality coupled with war in Ukraine, the volume of regulatory updates to understand and implement could be daunting. Fortunately, a new project […]
Navigating Sustainability Standards and Regs Sustainability in treasury can be tackled in a number of ways – and standards are slowly emerging to steer participants in the right direction. Do these help or just create more work, and is the pace of development too slow? TMI explores the current state of play in the field […]
