Budapest and Milan Conference Specials


Taking European Treasury's Pulse

Graham Buck 21 October


Hungary's capital of Budapest has shared in the balmy late autumn weather that much of Europe is enjoying this year, but delegates visiting the city for the recent EuroFinance international cash and treasury management conference might still have felt a chill reading the pessimistic business headlines. Tumbling stock markets, oil prices falling in response to a deteriorating economic outlook and sharply lower growth forecasts for Europe's biggest economy, Germany, all indicate that the long road to recovery from the 2008 global financial crisis might still be strewn with boulders. As our comprehensive reports from Budapest reveal, European treasurers worry that just as the eurozone's weakest economies appear to be on the mend, the zone's key countries such as France are faltering. Meanwhile, contributing editor Ben Poole reports from the SIA Expo in Milan. While this annual event often laments the fact that Italy is seen as lagging behind its European neighbours in the area of digital payments, this year's sessions conveyed a more upbeat message.


Read the full letter...   

Expert Commentary

Latest ArticlesRSS Feed

Shortening the Securities Settlement Cycle – Impacts and Insights

Nikesh Agarwal , Maveric Systems - C. Prasannavenkatesan , Maveric Systems | 22 October

Shortening the securities settlement cycle became a major aim in the financial market space after the financial crisis. Central Security Depository Regulation (CSDR) mandates European countries to operate on a trade date plus two days (T+2) settlement cycle before 2014 year-end. In the US, the Depository Trust and Clearing Corporation (DTCC) has already commenced research studies and initiatives to define a path for moving to T+2 from T+3.