Artikelen

This article examines the Basel III agreement and looks at what this might mean for corporates who primarily use bank finance for their funding.

With the establishment of the Single Euro Payments Area (SEPA), there will be no difference in the euro area between national and cross-border retail payments. SEPA will strengthen European integration and is aimed at fostering competition and innovation, and at improving conditions for customers. With the united efforts of the European banking community, legislators and the central banking community, SEPA made a successful start with the introduction of the SEPA credit transfer in 2008 and the SEPA direct debit in 2009. However, in addition to SEPA credit transfers and direct debits, the focus is now moving to the third pillar of SEPA, namely SEPA for cards.

Economists, both those inside and outside policy institutions, pay considerable attention to analysing conjunctural economic developments. This helps them to better understand the current state of the economy and to make predictions about future developments. The analysis of economic developments forms a key element of the stability-oriented monetary policy strategy of the European Central Bank (ECB) aimed at achieving price stability.

Accountantskantoren zullen een flinke organisatieen cultuuromslag moeten maken in reactie op de sterk veranderende behoeften van klanten en maatschappij. Dankzij technologische vernieuwingen liggen tegelijkertijd grote kansen in het verschiet om de regisseur te worden in de informatie- en rapportageketen.

Having come to prominence in equity markets, high-frequency trading (HFT) has increased its presence in the foreign exchange (FX) market in recent years. This development is one aspect of a broader trend facilitated by the wider use of electronic trading in foreign exchange, not only in the broker-dealer market, but also at the customer level. HFT in FX operates on high volume but small order sizes, low margins, low latency (with trade execution times measured in milliseconds) and short risk holding periods (typically well under five seconds).