Industry Insights
White Paper
Money Market Fund Regulations: The Voice of the Treasurer
Money Market Fund Regulations: The Voice of the Treasurer, voice, reform, mmf, mmf reform, holdback, floating NAV, net asset value, capital buffer, cash buffer, liquidity buffer, ICI Treasury Strategies TSI_MMF_ReformFindings.pdf
Regulatory Insights
Comment Letter to U.S. Department of the Treasury on Issuing Floating Rate Notes
Treasury Strategies is pleased to offer its comments on the proposal from the Department of the Treasury to issue floating rate notes that offer a periodically reset indexed-based rate. The rationale behind such an instrument is that the market demand for such securities will expand the potential buyers of treasury notes and lower the all-in
Articles
The Role of Banks in Virtual Economies
We’ll take a break from deposit strategies to explore the world of virtual currencies – Facebook credits, Linden Dollars, World of War Gold. What are the implications of these virtual currencies for banks?Today, few banks are active in building the exploding virtual economy, yet the market value of Facebook and other virtual networks suggest that
White Paper
Proposed Holdback Requirement for Money Market Mutual Funds: Ineffective & Crippling Regulation
Ineffective & Crippling Regulation, holdback, the holdback provision proposal will result in severe negative consequences for investors, fund advisors, businesses of all sizes, and the broader overall economy. We advocate that regulators abandon this proposal. Treasury Strategies TSI_MMF_Holdback.pdf
Articles
Strategies for a Low-Rate Environment
In my last post, we reviewed possible interest rate scenarios and their impact on bank profits. In this post, we’ll outline some of the initiatives Treasury Strategies has been helping its clients deploy to address the opportunities and threats of a low-rate environment, detailing the first step of the approach – rigorous modeling. In the
White Paper
Treasury 3.0® Services
The treasury industry today is at a crossroads. Corporate treasury departments are increasingly establishing enterprise-wide support structures and operating procedures for all their banking, cash management, investment, debt, and working capital needs. Simultaneously, they are working to streamline and optimize performance. To remain relevant, financial services providers must have a profound understanding of the
Articles
The Impending Transfer Pricing Crash
The profitability of non-credit businesses – like cash management – relies heavily on deposit spread. Small business clients receive a wealth of operating services without fees by holding sufficient balances. Middle market and large corporates offset fees with balances, which earn short-term interest credit (ECR). In a normal rate environment, these compensation schemes are highly
Regulatory Insights
Proposed Capital Requirement for Money Market Mutual Funds: A Disaster on All Fronts
Treasury Strategies believes the capital requirement proposal will result in severe negative consequences for investors, fund advisors, businesses of all sizes, and the broader overall economy. We advocate that regulators abandon this proposal. Click here to download the comment paper.
Regulatory Insights
Treasury Strategies’ Testimony to Congress on the Volcker Rule
Treasury Strategies’ Testimony to Congress on the Volcker Rule, risk, this has not been thought through. Anthony J. Carfang /Treasury Strategies TSI_VolckerRuleTestimony_vFinal.pdf
White Paper
Q4 2011 Quarterly UK and Eurozone
corporate cash, q4, q4 2011, Euro Cash, UK cash, cash report, hoarding Treasury Strategies CorpCashQ4_UKEuroParticipantReport.pdf