A lot of the code says what we do anyway and if we don’t we should. It’s not transformational – but I suggest you look at it – especially if it leads to market participants being held to a higher standard of conduct. It’s a good checklist and health check and we should play an active role in engaging with it.
Chairman’s commentary The purpose of this call was to assess the impact COVID-19 crisis has had on cash and treasury management in Brazil. The bad news is that, some things, such as currency volatility, administrative and tax burdens, and liquidity have got even worse… Continue Reading “Repatriating Cash from Brazil”
Chair’s commentary Sadly, Argentina continues to be a very difficult place to operate. The rules are complex, and keep changing. The currency keeps depreciating, and the cost of hedging it is prohibitive. Borrowing in ARS is very expensive – above 30% – and local… Continue Reading “Cash Repatriation from Argentina”