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Anthony Carfang - Treasury Strategies - Chicago | 22/10/2010 | 2497 views

U.S. Presidential Report Extends Uncertainty for Money Funds

The President’s Working Group on Financial Reform issued an unusually inconclusive report on Money Market Mutual Funds. Published thirteen months after it was originally expected, the report simply encourages the newly formed Financial Services Oversight Committee to take up the matter. Treasury Strategies partner, Anthony J. Carfang, not... Tags: Payments, SibosGroup: Financial Services Regulation

Anthony Carfang - Treasury Strategies - Chicago | 18/10/2010 | 2603 views

Dangers of unlimited deposit insurance.

In response to the FDIC's (US) request for comment on it's proposed implementation of Section 343 of Dodd Frank (unlimited deposit insurance on corporate non-interest bearing accounts), Treasury Strategies highlighted several shortcomings and offered three recommendations to mitigate some of the potentially destabilizing elements of the Act. Tags: Sibos, Wholesale bankingGroup: Treasury Management

Anthony Carfang - Treasury Strategies - Chicago | 08/07/2010 | 5182 views

Why Are Companies Hoarding Cash?

In developed countries worldwide, corporations are substantially increasing their holdings of cash assets. Pundits, regulators and governments are asking “Why?” Those asking the question posit that this hoarding is slowing the recovery and destroying jobs. As a result, more fiscal stimulus, deficit spending, social programs and reg... Tags: Payments, Wholesale bankingGroup: Treasury Management

Anthony Carfang - Treasury Strategies - Chicago | 03/07/2010 | 2216 views

Regs to impact companies and banks doing business in U.S.

A provision was approved by the U.S. House and Senate financial reform conferees last week, which allows banks to pay interest on business demand deposit accounts for the first time since the Great Depression. Below is our short synopsis of the issues. Commercial Banks will face higher cost of funds as they begin paying interest. However, they ... Tags: Payments, Wholesale bankingGroup: Treasury Management