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Dress for fall

Prospects of a recession attract media attention in Scandinavia as well as the rest of Europe, and America. Here is a pick of good stories from the treasury press.

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At this very moment, the possibility of an impeachment process ousting United States president Donald Trump is obviously in focus for many observers of the world at large. Yet here is a small pick of recent stories from across the more specialised international treasury press.

Going down? A Duke University survey finds more than half of US CFOs are expecting a recession within a year, under earnings worries and difficulty in finding qualified workers, Treasury & Risk reports. As a Nordic example, the number of people losing their jobs in Sweden after the summer was twice as high this year as last year, news outlet SvD reports.

Hot bot. Treasury Today carries a story on how robots are increasingly taking over the work of manual journal entry, as well as one on the financial effect of climate change and how you can deal with it.

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Nordic golden ages. Treasury & Risk also notes a ranking by investment manager Natixis of the world’s best nations for retirement. The five Nordic countries Iceland, Norway, Sweden, Denmark and Finland are all among the top twelve – in mentioned order, with Iceland in first place.

Swapping swap rates. Germany’s Eurex will be using a flat version of the new euro short-term rate (€STR) to discount Euribor-linked interest rate swaps, Risk.net reports. This will start in the second quarter of 2020, with a single cash payment to correct value transfers. No additional spread will apply.

Preparing for clouds. Under a new initiative called Cloud Connect, Swift will develop network architecture and automation templates for customers on public cloud platforms such as Microsoft Azure and Google Cloud, CTM File reports. A proof of concept is in place with Microsoft. And while on the topic of Swift, it also recently announced its launch of a service to deliver global instant payments by connecting its GPI platform into domestic instant payments systems across the world.

Catch up on crypto. Among CTM File’s recent posts is also a brief reading recommendation for those who still appreciate learning about cryptocurrencies from the start, a primer by Bobby Ong, founder of cryptocurrency data website Coingecko.

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