What can corporate treasurers expect from the European Securities and Markets Authority (ESMA), which coordinates the work of European regulators on many topics of interest to the profession? At the recent AFTE conference, ESMA’s Executive Director, Natacha Cazenave, provided a comprehensive update.
At the recent EuroFinance International Treasury Management conference in Budapest, corporate treasurers exchanged experiences on cash forecasting, FX operations, payments, treasury automation and data architecture. Artificial intelligence was presented there as a tool to generate actionable information for management teams more quickly while reducing manual interventions. Cash forecasting and process automation were the most highlighted applications of AI by participants, but other areas were also presented, notably FX and the coding capabilities that allow information systems to talk to each other.
Redbridge’s latest annual study on the financing of large groups listed in France reveals a rise in their level of indebtedness coupled with a marked slowdown in their investments.
Risk sensitive regulatory capital requirements, broader eligibility for liquidity ratios, simplified reporting obligations… On June 17, the European Commission presented a legislative proposal designed to revitalise the EU securitisation market.
The finalized Basel III framework, which is now in force in the European Union, is reshaping how banks calculate their capital requirements. In this interview, our financing experts Yassine El Ouazzane and Muriel Nahmias discuss some of the key principles of the framework and touch upon its practical implications for corporates.
Reverse factoring – or Supply Chain Finance (SCF) – is yet to gain traction in France. While the volume of factored receivables hit EUR 427 billion in 2023, reverse factoring only accounted for 3% and has stagnated in volume since 2020, according to the Association des Sociétés Financières.
We’ve curated a selection of the top articles of finance and treasury insights 2024 from Redbridge’s experts in finance, treasury, and payments. These pieces offer in-depth analysis, case studies, and insights into emerging market trends that will continue to be relevant in 2025.
With the launch of the Green Deal in 2019, the European Commission has placed the fight against climate change at the forefront of its agenda. One major challenge will be funding the EU’s energy transition strategy; in his 2024 report on European competitiveness, Mario Draghi has identified securitisation as a particularly suitable financing tool. However, Europe lags behind the United States—and even China—when it comes to green securitisation.
The Earnings Credit Rate (ECR) is a mechanism offered by US banks to help businesses operating in the US offset their bank fees. Functioning similarly to an interest rate – it’s often linked to the Effective Federal Funds Rate – the ECR is applied daily to the balance in a company’s non-interest-bearing account. Instead of generating cash earnings, however, the ECR results in a credit that is taken away from the cost of cash management services. This rate is an important part of a company’s relationship with its banks, but is frequently overlooked in banking negotiations.
The Draghi report on European competitiveness* is clear: “To enhance the financing capacity of the banking sector, the EU must revive securitisation.” In response, the European Commission** recently launched a consultation on potential improvements to the functioning of the securitisation market.
The EuroFinance Conference in Copenhagen kicked off with an insightful session on global macroeconomic trends, featuring a discussion with Thomas Harr, Chief Economist at Denmark’s National bank, and Jeromin Zettelmeyer, Director at Bruegel AISBL. The conversation focused on interest rates, inflation, and the global growth outlook, signaling a period of increased financial market volatility shocks, despite broader macroeconomic stability.
Chicago, IL – 8/12/2024 – Redbridge Debt & Treasury Advisory, a leading international advisory firm, is proud to announce the opening of its new office in Willis Tower, located in the heart of Chicago. This expansion marks the 25th anniversary of the firm and underscores its dedication to the U.S. market.
Finance departments regularly ask themselves which format is best suited to bank credit: a revolving credit facility (RCF) or a term loan? Syndicated credit or bilateral lines? Matthieu Guillot, Managing Director, Debt Advisory at Redbridge, answers some questions about these issues.
L’Espresso, Redbridge’s coffee-break program, welcomed Pascal Ichard, Director of Funding at Mirakl, on May 29 to celebrate the signing of the first syndicated loan for this French tech company. The discussion centered on banking relationships before, during and after initial financing for growth companies. Alongside Pascal were our moderator, Emmanuel Léchère, and Pierre Bonnet, Associate Director and Financing Consultant at Redbridge, who was part of the team that collaborated with Mirakl’s finance department on the firm’s €100 million bank syndication.
