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Online News Archive

Editor: Leslee Mason email Leslee

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March-April 2011

Time management CFOs' greatest challenge, followed by keeping up with technology

March 24, 2011--If time is money, finance executives may have something to worry about, according to a new Robert Half Management Resources survey. Nearly one-third (32 per cent) of chief financial officers interviewed cited time management due to competing priorities as their biggest work challenge. Keeping up with technology and achieving work/life balance garnered 24 per cent and 19 per cent of the response, respectively.

Treasuries fall short on STP, survey claims

By Robin Arnfield, Editor

The use of Straight Through Processing (STP) for the efficient transfer of treasury information is being neglected by a significant number of treasurers, according to a survey by IT2 Treasury Solutions.

London, UK-based IT2 Treasury Solutions is a provider of treasury management software to corporate treasuries and financial institutions. The company’s North American clients include Costco Wholesale Corp., Marriot International, Office Depot, and Sara Lee.

Banks must do more to improve customer experience: Ernst & Young

March 10, 2011--Although 75 percent of Canadians surveyed say their trust in banks has stayed the same or has increased in the past 12 months, almost 64 percent say they plan to switch banks or have already done so because of service quality issues, says an Ernst & Young report released today.

“Canadian banks came out of the financial crisis relatively unscathed as compared to most of their global counterparts. As a result, banks here have seen the level of trust remain steady or even improve,” says Paul Battista, Financial Services Advisory Leader at Ernst & Young Canada. “But our survey clearly shows that the trust factor isn’t what drives dissatisfaction in Canadians’ banking relationships. It’s the lack of personalized attention and service issues.”

IFRS 9 -- Should Treasurers act now or wait and see?

March 10, 2011--New research has shown that many corporate treasurers are uncertain about the relevance and implications of new global accounting standards to their treasury operations.

According to the research, undertaken by IT2 Treasury Solutions, a leading provider of treasury management software to corporate treasuries and financial institutions, just 52% of the responding corporate treasurers reported that they were aware of the content and impact of impending changes in IFRS. In Europe, IFRS 9, the standard for classifying and measuring financial instruments which was released in November 2009, will apply to accounting periods beginning on or after 1 January 2013.

Trying to solve Canada’s household credit crunch:
MIT Sloan’s Derek Dunfield proposes new policies to alleviate the country’s debt crisis and educate consumers

CAMBRIDGE--In the aftermath of the global financial meltdown, which saw many countries and financial institutions collapse under the weight of excessive debt, Canada weathered the storm and emerged as a shining example of fiscal responsibility. But while the balance sheets of the nation’s banks, businesses, and government remain strong, individual Canadians haven’t fared as well. Canadians have accumulated debt at an unprecedented rate: the country’s total household debt is now three times the size of its national debt – more than $1.5 trillion CAD in total.


ING DIRECT rolls out no-fee daily chequing account nationally

March 9, 2011--ING DIRECT pushed the national rollout of the THRiVE Chequing Account, an online, no-fee daily chequing account that actually pays interest. THRiVE Chequing enables Canadians to make payments, deposit, withdraw or transfer money for free, all without being nickel and dimed. Building on its history of innovating new financial products for savers, THRiVE Chequing marks a new era for ING DIRECT, as the no-fee daily chequing account and client card makes banking with ING DIRECT a part of Canadians' daily lives. Earlier this week, THRiVE Chequing won a consumers choice award as Product of the Year in the Financial Services category based on innovation.

TD completes Chrysler Financial acquisition
Apr 1, 2011

New FX payment service targets business clients with smartphones Mar 11, 2011

Cheque hold periods to change, other measures
Mar 9, 2011

Moody's: U.S. credit card charge-offs lower in January, more improvement
Mar 8, 2011

Virgin America selects Reval for commodities hedging
Mar 8, 2011



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