News | Zanders Treasury & Finance Solutions

Friday, 29 November 2019

Evaldas Balkys wins an ACT Ones to Watch award

Each year, the ACT organizes the Ones to Watch Awards ceremony which recognises upcoming stars in treasury. An expert panel has selected some treasurers for their achievement over the past two years. During this year’s event, Evaldas Balkys, Manager at Zanders, was selected as one of the winners for 2019. The jury noted that “Evaldas […]

Wednesday, 13 November 2019

SOFR valuation change

Earlier this year, London Clearing House (LCH) announced plans to move to Secured Overnight Funding Rate (SOFR) discounting on all USD-denominated SwapClear contracts in the second half of 2020 (target date is around October 17, 2020). The changes to discounting will result in a valuation change giving rise to valuation gains and losses from the […]

Wednesday, 13 November 2019

ECB publishes stress test results

On October 7, the European Central Bank (ECB) published the results of the 2019 supervisory stress test. The sensitivity analysis focused solely on the potential impact of idiosyncratic liquidity shocks on individual banks. The ECB concludes that the vast majority of the banks has an overall comfortable liquidity position: about half of the banks that […]

Wednesday, 13 November 2019

Bank of England testing climate objectives

Regulators require financial institutions to work on climate change risk and the EU Technical Expert Group on Sustainable Finance (TEG) issues final report on EU climate benchmarks. On September 10, Mark Carney (Governor of the Bank of England) stated that the Bank of England will be the first regulator to stress test its financial system […]

Wednesday, 23 October 2019

Banking News Update – October

ECB starts publishing the €STR As of 2 October, the European Central Bank has started the publication of the €STR rate. This overnight index replaces the Eonia. Whereby the Eonia is now tracking the €STR. The rate is based on overnight transaction between financial institutions. Daily volumes are currently around the 30 billion (around 400 […]