A quick look at what’s on International Treasurer’s radar screen this week.

Several stories are developing from this week’s International Treasurer editorial meeting. Among them quick looks at the leverage loan market, a new internal audit requirement for companies and as well a look at who’s filling the void in trade finance.

Leverage loan market.
The leveraged loan market is still frothing with activity. But there are some signs that it could start pricing credit more appropriately sometime soon.

Internal audit requirement.
The NASDAQ Stock Market has floated a proposed rule change that would require all companies listed on the exchange to have an internal audit function. The Securities and Exchange Commission listed the proposal in the Federal Register on March 8. It will have a short comment period, ending March 29.

Trade finance.
It’s a certainty that new regulations will raise the cost of doing business worldwide. And according to consultancy Greenwich Associates, a big driver of cost increases in trade finance will be Basel III. The good news is that although new capital rules have caused many banks to step back from offerings (read, European banks), other banks and non-banks are stepping in to fill the void.

Tri-party repo party.
Bank of New York Mellon and Markit have teamed up to provide security level pricing and other detail on more than $1 trillion worth of tri-party repo collateral. The firms hope to provide more transparency to financial institutions, investors and corporates that use the tri-party repo market, in the hopes that this will allay some of the difficulties that could arise when OTC derivatives are forced to clear through central counterparties.