Apple announced plans to invest $350 Billion in the United States economy over the next five years, largely driven by its decision to repatriate the bulk of its $250 Billion in overseas cash reserves. Although they didn’t explicitly state the amount of cash on their balance sheet that will be brought back to the U.S., they did claim that the repatriation would incur approximately $38 Billion in taxes, which corresponds to most of the $250 Billion they hold overseas.
Bob Stark's blog
Bob Stark, vice president of strategy
Bob has 18 years’ experience in treasury technology, working for many of the best known technology providers in the industry. As VP of Strategy at Kyriba, Bob is responsible for global product strategy and market development, and works with clients, partners, and industry influencers to ensure Kyriba is at the forefront of treasury technology. Bob has provided treasury management strategy to some of the world’s largest companies, and is a frequent speaker and author on treasury, risk management, and the cloud. If it’s worth knowing about in the treasury, you can assume he knows it.
Yes, bitcoin is real and it is a legitimate financial asset, much like any commodity. I use the word “commodity” because that’s what this particular cryptocurrency behaves like. Many comparisons have been made to gold, which is reasonable because the value of bitcoin is not derived from any functional use. Its price is completely driven by supply and demand combined with a good measure of euphoria.
2018 is almost here! That means we are obligated to recap the past year and make deep, insightful predictions for 2018. While there is much to draw from, our predictions focus on the following:
Real-time payments are getting closer to reality. While there are more questions than answers at this point, we have seen this discussion evolve over the past year as innovations such as SWIFT’s GPI, Faster Payments in the U.K. and same-day ACH in the U.S. have all sought to reduce settlement and clearing times to within a day.
Recently, I had the pleasure of learning more about corporate treasury in Asia during visits to our local offices; meetings with clients in Hong Kong, Malaysia, and Singapore; and by attending several treasury conferences. It should be no surprise that corporate treasury is becoming more sophisticated across Asia as firms continue to demand “best of the best” best practices and scalable, easy to use technology.
What I found most interesting about treasury in Asia was:
This year's EuroFinance conference took place in Barcelona, set against a backdrop of political turmoil in the Catalonia region of Spain. The irony was not lost on conference attendees that the political instability in the host city could be compared to the increasing turbulence that treasurers face every day. Treasury must rise above currency volatility, sovereign risk, regulatory compliance challenges, payment fraud schemes, proposed tax reform and other issues.