Daniel Schmand, Head of Trade Finance & Cash Management Corporates EMEA, Deutsche Bank, and Chair of the ICC Banking Commission, writes The Banker‘s Bracken column on banks’ role in society.
Schmand wants to improve the dialogue between banks, clients and regulators, and discusses everything from trade finance to geopolitical risk in this piece.
To read the full article, please click here (registration mandatory).
Working capital optimisation is a core component of every business. In the latest edition of FX-MM, BNY Mellon’s Joanne Scheier (Corporate Segment Market Manager, Treasury Services), Commerzbank’s Oliver Klein (Specialist Trade & Supply Chain Finance), and iGTB’s Jan Gonnissen (SVP, Senior Payments Consultant) discuss the latest challenges, developments, influences and catalysts that are shaping the way in which working capital optimisation is being approached.
To read the full article, please click here (please note that registration with FX-MM is required to view).
This August will mark one year since the compliance deadline for SEPA. In this month’s FX-MM, Andrew Reid, Head of Cash Management Corporates for EMEA, Deutsche Bank, looks back at what this meant for the eurozone, and how corporates both within and outside the SEPA-zone are now looking to capitalise on post-compliance advantages.
To read the full article, please see pages 28-29 of the July/August issue, online here (please note that this lies behind a paywall).
The global payments landscape is changing faster than ever before thanks to the combined impact of fast-changing technology, the ever-growing presence of non-banks, evolving client expectations, increasing regulation and shifting global demographics. In a special paper for the latest volume of the Journal of Payments Strategy & Systems, BNY Mellon’s Dominic Broom – Head of Treasury Services EMEA – examines the transforming payments space and discusses strategies that banks can adopt to ensure that they remain a driving force as the future of payments takes hold.
To read the full article, please click here (please note, this link lies behind a paywall)
Following his recent appointment as Chairman of the ICC’s Banking Commission, Daniel Schmand discusses in TXF the ways in which he plans to spend his time and energy carrying on the ICC’s work as the platform for advocating for industry change.
Schmand discusses the reputational damage banks have suffered, and how re-acknowledging their key role in facilitating trade and economic growth.
To read the full article, please click here (please note that this article is behind a paywall).
For those still adjusting their systems to become compliant with the rules of the Single Euro Payments Area (SEPA) – such as those in the Central and Eastern European region – it will be important to learn from the experience of those who have gone before them. Thanks to the large volume of transactions it processes (in excess of 20 million a month) and its decision to undergo a wholesale implementation, Enel offers a strong example to such firms.
Enel found the implementation process itself relatively simple, but encountered a number of issues with transactions in the immediate aftermath. They found that many counterparties had carried out insufficient tests on their new systems or were still using the old data format complications which caused numerous delays to their payments processes.
Collaboration with their partner bank was the key for Enel in overcoming these problems, as Ferndano Santini explains in FX-MM.
Please click here to read the full article.
‘Hunting terrorists and crime gangs’ reads the headline for an article that takes an in-depth look at how trade finance units are enlisted to fight money laundering.
Daniel Schmand, Head of Trade Finance & Cash Management Corporates EMEA, Deutsche Bank spoke to Financial News about what the new regulation would mean for banks – and for intra-EU trade.
To read the full article, please click here (please note that this article is behind a pay wall).
IFR’s Review of the Year takes a focus on the changing face of the equities business for banks. Ian Burns, Natixis’ Head of Cash Equity, discusses the importance of transparency for regulation, and the need for banks to now show clients what they are spending their money on – whether that is on the trading and execution side, or advisory.
To read the full article, please click here.