Commerzbank scoops global and country trade finance awards from Global Finance

Commerzbank has been named the world’s best export finance bank and Germany’s best trade finance provider for 2020 by specialist publication Global Finance.

Enno-Burghard Weitzel, Cluster Lead Trade Finance, Commerzbank, said: “Our 150-year history has been underpinned by building the trust of our clients – to help them expand into international markets and fulfil their business objectives. For us, these awards therefore represent a vote of confidence from the large corporates, the Mittelstand and the small enterprises that we serve.”

Moorgate, a Finn Partners company, prepared Commerzbank’s submission papers. More information can be found on the Global Finance and Commerzbank websites.

In an article for The International Banker, Deutsche Bank’s Andreas Hauser argues that the time for real-time reporting is now

Despite being mooted more than a decade ago, widespread regulation mandating banks to adopt real-time cash-balance liquidity reporting has not materialised. With the exception of a handful of the world’s largest banks, few have taken it upon themselves to adopt these processes. Yet beneath this meagre enthusiasm lies a wealth of evidence that real-time liquidity reporting can offer significant benefits that extend well beyond simply monitoring intraday positions. The cost and effort of adoption, meanwhile, is negligible compared to other ongoing bank projects.

In an article for The International Banker, Deutsche Bank’s Andreas Hauser, Senior Business Product Manager, Real-time Reporting and Innovation Cash Clearing, Cash Management, argues that now is the time to revive this momentum for real-time reporting and take action. 

The article can be read here.

 

Global political uncertainty and ESG are influencing infrastructure investment, says S&P Global Ratings

Across the globe, political uncertainty is increasingly becoming the rule rather than the exception. Meanwhile, trade tensions continue to define relationships between major players – such as China the U.S. and Europe. Both factors may induce caution among infrastructure investors.

Writing for Institutional Investing in Infrastructure, S&P Global Ratings’ Karl Nietvelt, Head of Research in Global Infrastructure, agrees that geopolitical events are influencing the market.

Indeed, infrastructure is “an asset class with typically lengthy lifespans that, therefore, benefits from political and regulatory calm,” according to Nietvelt. Yet today’s uncertain political climate, underpinned by elections in 2019, could dampen market confidence.

Another influential trend is the rising impact of environmental, social and governance (ESG) concerns throughout the infrastructure sector. Organisations prioritising these issues “have achieved reduced costs, mitigated risk potential, and created revenue-generating opportunities,” continues Nietvelt.

Read the full article in Institutional Investing in Infrastructure here.

Investor confidence in U.K.’s water companies still adequate despite tougher regulation, says S&P Global Ratings

According to S&P Global Ratings, the long-term investment prospects for U.K. water companies remain adequate despite the forthcoming introduction of AMP7 from April 2020.

While many industry professionals perceived the U.K regulator Ofwat as taking a tougher stance on water companies, director for EMEA Utilities at S&P, Matan Benjamin, recently told Utility Week that the new targets reflect the “requests of society” on environmental, social, and governance (ESG) concerns.

Benjamin says: “This remains a strong industry. On the one hand, things are becoming more challenging for [water] companies because the regulator aims to make them work more efficiently. But that efficiency is good for society.”

Read the full article here.

Risks caused by corporate PPAs should be manageable, says S&P Global Ratings

In a challenge to the traditional power market model, large corporations are increasingly entering long-term contracts to buy power directly from energy producers – rather than from utilities. While these arrangements – known as corporate power purchase agreements (PPAs) – could pose new risks for producers and consumers, these should be largely manageable, says Trevor d’Olier-Lees, S&P Global Ratings’ senior director, Infrastructure North America.

Commenting on the model’s increasing uptake in an interview with Power Technology, D’Olier-Lees says: “Given the strong demand from corporate corporations to buy renewable power, [this model] will continue to grow. And there’s always innovation around mitigation.”

Read the article in Power Technology here.

In an article for The Paypers, Deutsche Bank’s Christian Westerhaus discusses the future of payment messaging

Change is afoot across the global payments landscape. Pinging on the radars of market participants for some time, the fast-approaching November 2021 migration of the world’s primary payment market infrastructures (MIs) to the ISO 20022 financial messaging standard is now looming large.

The new standard affects all banks with many-to-many relationships in the correspondent banking space and all users of payments and cash management messages (MT categories 1, 2 and 9). While the project does not extend to corporate-to-bank traffic and is not mandatory for market infrastructures operating a closed user group in FIN (MI-CUG) formats, the implications for corporates will nevertheless be significant.

This is not simply “another IT project” for banks, nor is it “just another bank project” for corporates. In the coming months, all market participants will need to take appropriate steps to assess and prepare for the upcoming transition.

The article can be viewed here. 

 

Specialist press covers RiskFirst’s hire of seasoned industry professional Tarik Ben-Saud

RiskFirst has announced the appointment of Tarik Ben-Saud, who has been hired in an advisory capacity to support and accelerate the development of RiskFirst’s front office investment management capabilities, including the roll-out of its fixed income and LDI attribution application, PFaroeAttribution. Ben-Saud has 30 years’ investment management experience, including senior roles at Blackrock and Insight Investment.

The news was covered by Private Equity Wire, Global Banking & Finance Review, Financial IT, Fintech Finance, Fintech Zoom and Yahoo Finance.

Deutsche Bank’s Christian Hausherr writes for Treasury Management International: Payables Finance as a Means of Securing Global Supply Chains

Writing for Treasury Management International, Christian Hausherr, European Product Head of Payables Finance, Deutsche Bank, explains how payables finance can be used as means of securing global supply chains.

Companies looking to provide high-quality products, assembled at the best possible value, have reaped the benefits of globalisation over the past few decades, notes Hausherr. And while this has profoundly impacted business for the better, it also leaves these enterprises exposed to major geopolitical or macroeconomic events.

Read the full article here.

RiskFirst discusses the role of technology in pension risk management in Benefits and Pensions Monitor magazine

Today, assets and liabilities are changing in more complex ways and being impacted by more factors, making effective risk management far more challenging – and far more crucial. In Benefits and Pensions Monitor, Matthew Seymour, CEO of RiskFirst, explains how, with the right technology tools, advisors and asset managers can be equipped to help plans identify and understand their needs; make optimized decisions on how risk can be best managed; and capture opportunities to maximize their investment strategies.

To read the full article, please click here and turn to page 27

BNY Mellon’s Joon Kim cited in Global Finance article on the digitisation of trade

In a Global Finance article examining how trade finance is moving out of the paper age, Joon Kim, Global Head of Trade Finance Product and Portfolio Management at BNY Mellon Treasury Services, explains the value of AI in reviewing and authenticating trade documents, as well as in creating standardisation and improved efficiencies in KYC processes. Kim also notes the importance of data in enhancing trade finance.

To read the full article, please click here