January 22, 2014
A brief look at what’s on International Treasurer’s radar this week.
This week’s International Treasurer editorial call brought up a number of stories to be covered over the coming weeks. These include setting up a contingency plan, profiles of treasury and risk solutions provider Reval and quant company StarMine. Also we’ll take a look at the fast growth of the renminbi.
Contingency planning
Developing a contingency plan involves making decisions in advance about the management of human and financial resources in case of an emergency, as well as the coordination and communication procedures to be followed. While there will always be some surprises – storms, earthquakes, etc – mitigating their fallout is at least partly achievable with some thoughtful planning, as some of the NeuGroup’s more recently storm-struck members demonstrated. We’ll take a look at some of the better strategies employed, ranging from geographic variation to in-person banking; all of which can be invaluable just when more companies are switching to cloud storage and automated financial services.
Reval
As treasury assumes a more strategic role in business, treasury and risk management solutions provider Reval has sought to be the company that provides the best all-in-one software-as-a-service (SaaS) system to help support this trend. The company entered the market in 2001 to help sophisticated corporations manage their hedge programs and compliance, and then grew with clients looking for an all-in-one system. We’ll take a look at where the company is heading in 2014.
StarMine
Quantitative analysis pioneer StarMine has definitively jumped on the big-data trend. The company recently started augmenting its forecasts of corporate health and credit-default risk with a tool that scans virtually everything written about companies in search of hints of future troubles. The Thomson Reuters tool aims to distinguish itself from competitors that are also seeking to automate the collection and analysis of new types of data, a strategy for which StarMine was a developer.
RenminbiInternationalization
The Chinese renminbi (RMB) is gaining global significance at a fairly rapid pace. According to data from SWIFT, the RMB was one of top 10 payment currency and foreign exchange trading currencies in 2013. The RMB global payment value has increased at CAGR (compound annual growth rate) of 200 percent per year since 2011. Since 2008, the People’s Bank of China (PBOC) has signed RMB bilateral currency swap agreements with 24 central banks across the world, totaling over RMB 2.6 trillion, thus providing foreign central banks an important avenue to secure liquidity in the event of RMB shortage.
International Treasurer will take a look at how to track the momentum of RMB internationalization; including using Standard Chartered Bank’s (SCB) Renminbi Globalization Index (RGI).
This week’s International Treasurer editorial call brought up a number of stories to be covered over the coming weeks. These include setting up a contingency plan, profiles of treasury and risk solutions provider Reval and quant company StarMine. Also we’ll take a look at the fast growth of the renminbi.Contingency planning
Developing a contingency plan involves making decisions in advance about the management of human and financial resources in case of an emergency, as well as the coordination and communication procedures to be followed. While there will always be some surprises – storms, earthquakes, etc – mitigating their fallout is at least partly achievable with some thoughtful planning, as some of the NeuGroup’s more recently storm-struck members demonstrated. We’ll take a look at some of the better strategies employed, ranging from geographic variation to in-person banking; all of which can be invaluable just when more companies are switching to cloud storage and automated financial services.
Reval
As treasury assumes a more strategic role in business, treasury and risk management solutions provider Reval has sought to be the company that provides the best all-in-one software-as-a-service (SaaS) system to help support this trend. The company entered the market in 2001 to help sophisticated corporations manage their hedge programs and compliance, and then grew with clients looking for an all-in-one system. We’ll take a look at where the company is heading in 2014.
StarMine
Quantitative analysis pioneer StarMine has definitively jumped on the big-data trend. The company recently started augmenting its forecasts of corporate health and credit-default risk with a tool that scans virtually everything written about companies in search of hints of future troubles. The Thomson Reuters tool aims to distinguish itself from competitors that are also seeking to automate the collection and analysis of new types of data, a strategy for which StarMine was a developer.
RenminbiInternationalization
The Chinese renminbi (RMB) is gaining global significance at a fairly rapid pace. According to data from SWIFT, the RMB was one of top 10 payment currency and foreign exchange trading currencies in 2013. The RMB global payment value has increased at CAGR (compound annual growth rate) of 200 percent per year since 2011. Since 2008, the People’s Bank of China (PBOC) has signed RMB bilateral currency swap agreements with 24 central banks across the world, totaling over RMB 2.6 trillion, thus providing foreign central banks an important avenue to secure liquidity in the event of RMB shortage.
International Treasurer will take a look at how to track the momentum of RMB internationalization; including using Standard Chartered Bank’s (SCB) Renminbi Globalization Index (RGI).