Andrew Hollins, Director of Corporate Treasury Proposition at Refinitiv, brings you the May 2021 round-up of the latest Corporate Treasury Data Insights.
- The latest Refinitiv Deal Makers Survey analysed market sentiment to gauge which M&A sectors will thrive during 2021, while global banking investment fees hit new heights.
- A look at the markets statistics from President Joe Biden’s first 100 days in office, and why USD cash fallbacks form a crucial element of the LIBOR transition.
- Plus, news on U.S. identity theft, crude oil prices and FX market innovation, as well as a round-up in Refinitiv Corporate Treasury Newsbeat.
Corporate Treasury Chart of the Month
Our latest Deal Makers Sentiment Survey reveals two clear M&A winners emerging from the turmoil of 2020: Technology and Healthcare. Beyond these sectors, M&A optimism tails off quickly, with notable falls including Consumer Retail. On average, deal makers predict a 6 percent increase in M&A activity this year, which bodes well for corporates with access to capital.
Global investment banking fees set all-time record
Refinitiv’s leading fee model revealed investment banking fees reached US$39.4 billion during the first quarter of 2021, posting a 45 percent increase compared with the first quarter of 2020 and the strongest opening period since records began in 2000.
Imputed fees in the EMEA region increased 27 percent to US$8.1 billion during first quarter of 2021.
You can access these exclusive modelled fees in Eikon to benchmark against peers, or to support mandate allocation purposes. Navigate to Company Overview -> Event -> Company Deals -> [Asset Type] Equity to compare the latest deals and access detailed tear sheets.
Join our upcoming Refinitiv Academy session for deeper insight on building peer comparison models in Eikon.
Biden’s first 100 days in 10 charts
U.S. President Joe Biden’s first 100 days in office saw records in both M&A and capital markets, with the S&P 500 recording a stronger performance than any other president in recent history. Here are 10 charts that tell the story.
USD cash fallbacks: a key component of the LIBOR transition
With the most widely used tenors of USD LIBOR subject to cessation immediately following publication on 30 June 2023, how can fallback rates support a smooth transition in the cash markets? We’ve also put together a guide to help you navigate the LIBOR transition.
New Report – U.S. Identity Theft: the Stark Reality
With an estimated 42 percent increase in identity-related losses from 2019 to 2020, coinciding with a shift towards digital payment methods during the pandemic, identity crime remains a steadfast challenge.
A new report commissioned by GIACT, a Refinitiv company, uncovers the striking pervasiveness of identity fraud perpetrated against U.S. consumers. GIACT is also hosting a free webinar this Thursday (20 May) on how you can Safeguard Faster Payments: KYC, Account Validation Compliance and Best Practices. Secure your spot!
Have crude oil prices peaked?
The market has recovered following the Coronavirus-induced collapse in prices. With the price now stable at around $60/bbl, Market Voice analyses if this is a pause for breath or a natural ceiling.
Accelerating innovation in FX markets
Refinitiv’s FX platforms reported an average daily volume of $490bn in January 2021, the second highest monthly average since reporting began. Find out how FXall gives traders greater flexibility and control over the staging and execution of their FX orders.
REPLAY: Sustainability and ESG webinar
In April, we hosted a webinar with the ACT, discussing the role treasurers should play in sustainable strategy and operations, green financing and benchmarking. You can also check-out a recent interview between Refinitiv’s Leon Saunders Calvert and Treasury Today, discussing treasury’s role in integrating financially material ESG data.
Refinitiv Corporate Treasury Newsbeat
- Central Bank of Hungary adopts Refinitiv solutions to enhance liquidity management and market transparency.
- We explored with TreasuryXL how our corporate treasury customers were able to manipulate data to navigate extreme volatility throughout 2020 and into 2021.