Published on 4 July 2019.
Previously published by AccountingCPD.net.
There
appears to be a consensus that the world economy, and particularly parts of the
Eurozone, are slowing down or even already in recession. For Cash Managers this
is always the signal for tightening the belt, so as to ensure that their
principle objective is achieved: to have the right amount of […]
Published on 28 June 2019
We have had a paper published today through the Global Britan think tank about the fate of the Eurozone.
It has been endorsed by Steve Baker MP, the former Brexit minister who sits on the Treasury Select Committee of the House of Commons:
“This alarming report exposes the huge contingent
liabilities with which the […]
Published on 11 June 2019.
Previously published by AccountingCPD.net.
There
have been many new entrants – usually non-banks – into the foreign exchange
business whose value proposition is to reduce or eliminate the margin that
traditional banks add to or deduct from the interbank rate in order to
determine the rate quoted to the end-user client.
If the client
is an enterprise rather […]
Published on 17 March 2019
This is the eighth and final blog in our series on the Contingent Reimbursement Model code (“CReM”) that purports to offer customers strong protection against certain types of Authorised Push Payment Fraud, or “APPF”.
This one concerns the “expectations”
and “standards” that firms should abide by, if they are signatories to the
code. Firms […]
Published on 15 March 2019
This is the seventh blog out of eight in our series on the Contingent Reimbursement Model code (“CReM”) that purports to offer customers strong protection against certain types of Authorised Push Payment Fraud, or “APPF”.
It adds considerable
work for the customer and in doing so reduces the numbers who will be […]
Published on 14 March 2019
This is the sixth blog out of eight in our series on the Contingent Reimbursement Model code (“CReM”) that purports to offer customers strong protection against certain types of Authorised Push Payment Fraud, or “APPF”.
In it we discuss how customers’ baseline rights in law are overlooked.
The CReM fails to adequately qualify […]
Published on 13 March 2019
This is the fifth blog out of eight in our series on the Contingent Reimbursement Model code (“CReM”) that purports to offer customers strong protection against certain types of Authorised Push Payment Fraud, or “APPF”.
Here we focus on who qualifies for cover, who is offering cover, and the vague contingency of […]
Published on 12 March 2019
This is the fourth blog out of eight in our series on the Contingent Reimbursement Model code (“CReM”) that purports to offer customers strong protection against certain types of Authorised Push Payment Fraud, or “APPF”.
We made the
point in Part III that firms demanded Name + Sort Code + Account Number as
mandatory […]
Published on 11 March 2019
This is the third blog out of eight in our series on the Contingent Reimbursement Model code (“CReM”) that purports to offer customers strong protection against certain types of Authorised Push Payment Fraud, or “APPF”.
It doesn’t,
not least because it fails to set out, as a baseline, what the customer’s
rights are in […]
Published on 10 March 2019
This is the second blog out of eight in our series on the Contingent Reimbursement Model code (“CReM”) that purports to offer customers (also known as Payment Service Users or “PSUs”) strong protection against certain types of Authorised Push Payment Fraud, or “APPF”.
This one is
on the types of fraud covered by […]