Treasurers and other fixed income investors need to rethink risk management. Simply put, there are fewer high quality, highly rated securities than there used to be, while markets have become more volatile. https://www.treasury-management.com/article/4/240/2000/rethinking-risk-management.html
Critics of MMFs have described them as shadow banks, engaged in regulatory arbitrage, and requiring bank-like regulation. But what is shadow banking? Is it coherent to think of MMFs as shadow banks? And what is the significance of describing MMFs as shadow banks? https://www.treasury-management.com/article/4/240/1999/shadow-banking.html
Consumer discretionary and retail stocks are underperforming at an alarming rate, defying many calls about consumers’ strength . http://feeds.marketwatch.com/~r/marketwatch/financial/~3/r5inPwKf2sU/story.asp
The Cash Investment Policy Statement (IPS) allows a company’s board of directors to understand and define how surplus cash is managed, and delegate written authority allowing a treasury department to invest a company’s cash on a daily basis. https://www.treasury-management.com/article/4/240/1998/the-cash-investment-policy-statement-%28ips%29.html
When you talk about collateral treasurers often bridle, worrying that they will be required to meet systematic margin calls. The idea we start from is, however, simple: why not use the assets that you hold to finance yourself or, in less favourable economic circumstances, accept...