Services

The Treasury Hub

In June 2018, RBK collaborated with Treasury Solutions to announce a new service offering “The Treasury Hub”, combining the experience and expertise of both our firms and three other advisory firms nationwide.

Treasury Solutions has been operating for 18 years offering a premium quality treasury advisory service to the medium and large corporate market.

The new service will provide clients of RBK with access to the technical knowledge and financial market intelligence of Treasury Solutions to enable them to offer new products and services to their clients and to deal with the impact on interest rates, foreign exchange and the banking market in general that will inevitably emanate from Brexit, geo-political developments, etc.

The services to be provided via The Treasury Hub include:

  • Debt funding by banks 
  • Debt funding by non-banks 
  • Interest rate risk management 
  • Foreign exchange management 
  • Liquidity management 
  • Cash management 
  • Ad hoc treasury issues 

The provision of the range and quality of these services under The Treasury Hub effectively brings additional expertise to the existing service offering provided to the clients of RBK bringing them an enhanced treasury management solution.

For more on The Treasury Hub, visit: www.thetreasuryhub.ie.

Team Members

Chris Ball

Corporate Finance Partner

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Treasury Hub Update - May 2020 966.89 KB

This is the May edition of THE TREASURY HUB Banking and Treasury Markets Bulletin. Despite the ongoing pandemic, there has been a bounce back in equity markets and a settling down of the interest rate markets following last month's volatility. EUR/GBP has also remained relatively stable for the month, however the decision on whether or not to extend the Brexit deadline date of 31 December 2020 will soon come into focus. FX volatility should therefore be accounted for in forecasts and budgets and it's management will increasingly be a key facet in the approval or otherwise of bank facilities and grant applications. So, as mentioned in last month's bulletin, poor currency management will likely cause a “triple whammy”: lower profits, higher interest costs and tighter loan terms and conditions. We continue to focus on banking in Section 5 of the bulletin.

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March edition of the Banking and Treasury Report 981.79 KB

The outbreak of the coronavirus continues to disrupt global supply chains and the financial markets. Unsurprisingly, the equity markets are bearing the brunt of the initial negative sentiment with the three equity indices that we track (ISEQ, FTSE and DOW) all in significant negative return territory. Bond prices are up again (as interest rates have fallen) with Irish 10-year rates now negative -0.15%, which is an all-time low. Oil prices have also fallen off a cliff. This is covered in more detail in Section 4.This month’s focus in Section 5 is a review of the Banking Market. While the banks appear to be taking a proactive and supportive approach to assisting businesses, the coronavirus is going to make credit availability tighter. We would encourage clients to act now and make contact with your bank to ensure you get the specific support you need as quickly as possible. The government has also announced a number of measures to help individuals and businesses, including an extra €200m funding through SBCI.Please get in touch with our Corporate Finance team if we can be of any assistance.

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THE TREASURY HUB UPDATE - FEBRUARY 2020 1.19 MB

We bring you the second Banking and Treasury Report of 2020 as part of THE TREASURY HUB. Brexit came back onto the agenda at the end of January as the UK officially entered into the transition period. The general election kicked into gear here in Ireland with a lot of spending promises being made, all of which appear to be predicated on an orderly exit deal for the UK…. an assumption which may yet prove to be flawed.From an investment perspective the year got off to a negative start with the three equity indices that we track (ISEQ, FTSE and DOW) all deteriorating in January and a lot of the blame being attributed to the outbreak of the coronavirus in China. EUR/GBP held around EUR/GBP0.8450, especially as the UK exited the EU but with the “hard line” opening negotiation position being taken by PM Johnson last week, we have seen GBP lose 1p against EUR in a single day and move back to EUR/GBP0.8500. We expect further GBP weakness in the weeks ahead. This month’s focus in Section 5 is on the area of Environment, Social and Governance (ESG).

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The Treasury Hub Update - January 2020 1.23 MB

We bring you the first Banking and Treasury Report of 2020 as part of THE TREASURY HUB. This report looks back at 2019 trends and looks forward at possible 2020 developments. Brexit dominated for most of 2019 while politics dictated worldwide events in general. The UK elected a new Prime Minister while the US presidential election started to gear up. Ireland will also see a new government elected in 2020.From an investment perspective it was a good year for equity investors, a bad year for bank deposits, a good year for bond investors while on the currency front EUR/GBP bounced around quite a bit but EUR/USD remained very stable again. Section 5 of this report focuses on the prospects for 2020.

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THE TREASURY HUB - DECEMBER 2019 REPORT 1.16 MB

We bring you the final Banking and Treasury Report of 2019 as part of THE TREASURY HUB.The current focus appears to be on politics worldwide. The UK election is now in full swing, the US presidential election is also gearing up while the current Irish government is moving into its last months. Brexit news was negligible in the past month as the outcome of the UK election will dictate a lot of what is to come in 2020 on that topic.2019 was a good year for equity investors and borrowers, a bad year for bank deposits and a reasonably stable year for currencies, especially USD.Section 5 of this month’s report focuses on the banking sector and prospects for 2020.

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The Treasury Hub - November 2019 Report 1.28 MB

This is the November 2019 issue of the Treasury Hub report, as we continue to bring you our regular Banking and Treasury Report as part of THE TREASURY HUB.The deadline date for the UK to trigger its exit from the EU came and went. The next date is January 31st (or sooner if agreed by parliament) but with an election now called, there remains a risk that “no deal” could still arise. The EUR/GBP exchange rate has held steady around EUR/GBP0.8600, a level that broadly reflects a deal, but the risk is very much on GBP weakening again in the event of no deal.Regardless of Brexit fatigue, it will continue to dominate the business landscape in 2020. Even if the UK meets the transition exit date of January 31st, the current scheduled date for leaving the EU is December 31st 2020, with a possible 2-year extension if requested. In that regard, 2020 budgets will have to reflect this continuing uncertainty. Make sure to read section 5 which focuses on the economic outlook and how it may impact on your company budgets for 2020.

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