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CFOs this year can probably refocus some of their energy away from coping with the pandemic and toward the challenges and opportunities posed by changes in technology, regulation and other trends.
Some changes are outside a CFO s control, such as the economic outlook or shifts in oversight and tax policy under the incoming Biden administration.
Other trends are within CFOs wheelhouse, and are easier to control. Here s a look at five of these trends.
1. Increased pressure to adopt ESG metrics
Companies should consider preparing for greater scrutiny on environmental, social and governance (ESG) sustainability metrics from investors, regulators and the public.
For the better part of three years, U.S. officials have been preaching patience. Bloomberg | Jan 11, 2021
(Bloomberg) It’s one of the most confounding questions facing regulators in the fight to phase out the London interbank offered rate.
How do you wean everyone from asset managers and traders to corporate treasurers off derivatives that are so ubiquitous, they’ve become part of the fabric of the financial system?
For the better part of three years, U.S. officials have been preaching patience. Libor-based interest-rate swaps, futures and options, among the most liquid markets in the world, would gradually give way to new securities tied to new benchmarks, they said, including the Secured Overnight Financing Rate, dollar Libor’s anointed successor.
Date Time
World Bank Prices Global Dual Tranche SOFR Index-Linked Offering and Raises USD 3.5 Billion
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced a new USD 2.35 billion 2-year benchmark bond and raised an additional USD 1.15 billion for its August 2027 bond – both linked to the Secured Overnight Financing Rate (SOFR) index.
These transactions continue to meet investor demand from US financial institutions and global bank treasuries seeking high-quality, SOFR-linked floating rate product. The proceeds from the USD 3.5 billion dual tranche offering will be used to finance the World Bank’s sustainable development activities.
The high-quality orderbook closed with USD 3.7 billion of interest with broad global distribution across the two tranches and 70 orders. Joint lead managers for the transactions are BMO Capital Markets, RBC Capital Markets, and Wells Fargo Securities.
It is obvious that hotel operating performance will be much better in 2021 than 2020. It is, perhaps, less obvious that hotel lending has already begun staging a comeback that will accelerate throughout the year while continuing to stay ahead of actual hotel performance.
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