The UK Financial Conduct Authority (FCA) plans to transition from the London Interbank Offered Rates (LIBOR) to Risk-Free Rates (RFRs) by the end of 2021, to restore trust and integrity in the market. This shift comes after several banks manipulated their interest rates for profit, disturbing trust in the global economy.
Steven Lauricella explains the five things CFOs and Treasurers need to know about the new regulations, and how alternative solutions can be harnessed to fund crucial supply chain initiatives.
The guidance note looks at Term SOFR (SOFR is the Secured Overnight Financing Rate), the ARRC recommended RFR term rate
It’s easy to think that having to adapt to external circumstances will have a negative impact but many firms have used this opportunity to re-think and reset processes, and actually improve how they operate.
TFG’s Joana Fabiao sat down with Victoria Cleland, the Executive Director for Banking, Payments and Innovation at the Bank of England for City Week 2021,
The supply chain finance industry has been faced with a choice: increase disclosure or continue to face criticism.
Paymaster24, a full-service Payment Service Provider (PSP), announced a new partnership with Banking Circle to enhance its service proposition for merchants.
On the 11th June, the Group of Seven Nations (G7) met to discuss current global economic concerns and plans, where US president Joe Biden proposed that all countries have an agreed floor of corporation tax.
Your morning coffee briefing from TFG. Goods barometer is nearly 10 points above the baseline value of 100 for the index and up 21.6 points year-on-year, reflecting the strength of the current recovery from COVID-19 crisis. ICC launches, ICC Trade Now, a suite of digital products and services to tackle the global trade finance gap. EU set to unveil digital wallet for post-Covid life
Since Brexit, UK businesses and their EU clients have been hit with increased euro transaction fees which could potentially cost them millions.
With the WTO Appellate Body no longer functioning, will the interim appeal arrangements established by the EU, Australia, Canada and others not just ‘stop the gap’ but also pave the way to reform?
Money laundering has become more visible in global trade over the past few years, and several organizations are trying to identify and prevent it.
BNY Mellon’s Joon Kim, Global Head of Trade Finance Product and Portfolio Management, Treasury Services, explores how the move from LIBOR to SOFR will impact trade finance.
Kenneth Wong, Director, Global Transaction Banking, TD Securities, talks about the changing payments landscape, cross-border payments and digital currencies.