A survey done by Accenture and Finextra finds that the new Payment Service Directive (PSD), that will take effect in November, will cost each bank between 1 and 20 million – which is not very much in my view.
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Why keep them artificially alive?
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An interesting study conducted by the Georgia Tech Financial Analysis Lab suggests that we still haven’t seen the worst of the crisis.
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While reading about the Satyam fraud it still surprises me that it is so easy to cheat the auditors, even though they have a great tool right at hand for sniffing out problems: cash.
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The value of having good cash management and liquidity forecasting solutions in place has never been as important and appreciated as it is today. Never before have the eyes of the CFO and CEO been more focused on the cash flow and cash balance than they are now.
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Last week I read an article in the FT about how the CFO will face turbulent times in the near future, and how important cash flow forecasting and cash management have become in the credit crisis. Although this was a very insightful article, there was one fundamental issue that troubled me.

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