• Separately managed accounts can provide an attractive alternative for treasurers looking to generate higher yields on their excess cash than are available from money market funds.

  • From a number of perspectives it has become arguably less likely that Credit Rating Agencies (CRAs) will continue to play as significant a role for the money market industry as they done up to this point.

  • The cost of capital for emerging markets was largely driven by yields in the US. As the US economy recovers, it increases competition for capital, leading to an increase in real rates.

  • France, the leading European player in money market management, cannot remain indifferent to the new draft regulation released by the European Commission.

  • At the most fundamental level transparency is simply openness about what a fund is holding and how it operates. IMMFA’s Secretary General outlines the progress made – and obstacles still remaining.

  • It’s no longer a question of whether the end for dedicated MMF platforms is in sight, it’s simply a question of how quickly they disappear altogether from the treasury trading landscape.

  • The aim of the changes to MMF regulation in Europe is to reduce systemic risk. Yet if the European Commission’s proposal goes ahead as proposed, IMMFA’s Secretary General suggests that this seems to be an unlikely outcome.

  • Treasurers around the world are approaching a watershed in the way that they formulate cash investment policies and processes, as evidenced by the emergence of new investment products and more competitive rates for instruments that meet banks’ capital and liquidity requirements.

  • New instruments and approaches to cash investment are likely to offer considerable opportunity to innovative corporate treasurers – a good example being that globalisation is leading to investment opportunities in a wider range of currencies than ever before.

  • Although they have a reputation for being complex, triparty repos are actually one of the simplest forms of secured investments and can essentially be considered as a bank deposit backed by assets which are independently held and managed.