Akamai Technologies’ convertible offering in 2014 was the apex of months of the preparation, much of it culminating in the deal’s earlier investor roadshow. While chief executives and financial officers tend to headline those events, treasury typically coordinates the multi-faceted efforts leading up to the presentations.
As June fast approaches, Europe’s post-trading landscape is getting closer to experiencing a dramatic change: TARGET2-Securities (T2S). Although corporate treasurers’ attitudes toward the market initiative are generally positive, there are concerns surrounding one key area – repo transactions.
Ask European treasurers about the turbulent conditions that they have endured over the past few years and the most likely response is that they will start talking about their bankers. The financial crisis has left scars across the European economies and has fundamentally altered the relationships that bankers have with their corporate clients.
With new rules relating to risk management and investor transparency entering into force in recent years, the ability to precisely define, source and manage legal entity data is reaching the top of the agenda for market participants. The legal entity identifier (LEI) is just one of a number of legal entity data attributes that is fast becoming one of the most important tools for regulators monitoring the build-up of systemic risk.