How can banks successfully navigate the US liquidity landscape? BNY Mellon’s Tom Meiman and Sam Schwartzman explore in an article for Global Banking & Finance Review

Over the past 10 years, the US liquidity landscape has faced near zero interest rates. In this unique time of disruption, businesses face further challenges when it comes to navigating the volatile landscape – including the possibility of moving towards a negative rate.

In view of these challenges, Tom Meiman, Product Line Manager for Liquidity Balances and Demand Deposit Account Services, BNY Mellon Treasury Services, and Sam Schwartzman, Head of the IMG Cash Solutions Group, BNY Mellon Markets outlines the importance of optimising excess operating cash.

Read the full story here.

For BBC Radio 4, ICC United Kingdom’s Chris Southworth explains implications of US-China tariffs

Following the US decision to implement tariffs of up to 25% on 1,333 Chinese products, China  announced its decision to also impose tariffs of up to 25% on 128 US imports (including pork and wine), worth approximately US$3 billion in value.

For BBC Radio 4, Chris Southworth, International Chamber of Commerce (ICC) Secretary General argues that such protectionist policies are not only adding to globally uncertainty, but also stalling discussions at the WTO – with particular implications for the UK who must forge fast trade deals following Brexit.

In addition, Southworth argues that the largest effects of the tariffs will not be felt by big business but rather by consumers, and smaller companies – in the US, China and beyond. For Southworth “no one benefits from a trade war”.

The full interview can be found on BBC Radio 4 here.

ICC’s Chris Southworth discusses implications of US tariffs on BBC World News

Following the US decision to implement tariffs on Chinese steel and aluminum, BBC World News talks to the International Chamber of Commerce (ICC) United Kingdom’s Chris Southworth, Secretary General, regarding what these tariffs would mean for the global economy and the possibility of a global trade war.

Southworth explains, “this is an issue for global supply chains well beyond Chinese-US borders, therefore we must support institutions like the WTO to find solutions on the global scale,” further elaborating that tariffs would impact smaller businesses worldwide.

Watch the full interview at BBC here.

 

PNC adoption of RiskFirst’s digital solution “PFaroe” covered by the specialist press

PNC Institutional Advisory Solutions, part of the asset management branch of the Pittsburgh-based PNC Financial Services Group, has adopted RiskFirst’s digital solution PFaroe – to help structure better solutions, improve reporting efficiency and deepen engagement with its defined benefit (DB) pension plan clients. PFaroe will allow increased interactivity with clients, provide forecasting tools to model potential investment strategies, and support the co-ordination and configuration of funded status-based and interest rate-based ‘glide paths’ – as well as automating and enriching report quality for its clients.

PFaroe, launched in 2009, is RiskFirst’s core product, and seeks to enhance the management of defined benefit pension plans and endowments and foundations. With PFaroe already used as a tool for over 1,800 pension schemes, with more than US$750 billion of liabilities, the technology has already achieved market leading status in the UK, with an expanding client base in the US.

The news was covered by the following in the specialist press: Benefits and Pensions Monitor, PlanAdviser, International Securities Services (ISS), RiskTech Forum, Fintech Finance, Finextra, Fintech Insight, Financial IT.

 

America’s trillion-dollar challenge: S&P Global Ratings’ Trevor D’Olier-Lees writes for Infrastructure Intelligence

Infrastructure in the US needs trillions of dollars of investment for repairs and renewal. Pressure will only mount as disruptive technology increases in scope and the need to be environmentally sustainable rises up the agenda. In a feature for Infrastructure Intelligence, Trevor D’Olier-Lees, senior director at S&P Global Ratings, outlines the state of a selection of American infrastructure sectors, as well as the financing tools that might help the country find the funds for their development.