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The Treasury Hub - January 2022 1022.69 KB

Welcome to the first edition of THE TREASURY HUB Banking and Treasury Markets Bulletin of 2022. This bulletin takes a look back at 2021 and in Section 5 we include our annual “trends to watch”.Key market movements in 2021 included inflation hitting highest levels seen in decades in some countries, which was fuelled by a significant increase in oil prices. In addition, interest rate hikes are now on the agenda for the first time in over a decade. Economic trends were broadly positive but funded by huge government borrowings and Central Bank stimulus. Despite the pandemic, labour markets are very tight across many geographies and stock markets have been driven up by the availability of cheap money. So who pays for this? And how will markets react to money supply starting to contract? In section 5 we discuss how the Irish Business Banking sector might look in 2022 and how the lack of competition may become an obstacle to businesses and consumers.

Treasury Hub Update - December 21 868.74 KB

Welcome to the last edition of THE TREASURY HUB Banking and Treasury Markets Bulletin of 2021. Interest rates will be top of the list of items to watch in 2022, especially after the hike by the Bank of England at the December meeting. GBP Libor will be no more as of the 1st January 2022. Whether inflation is sustained during 2022 will be a key driver of central bank decisions.On the currency front, GBP had a much better year with most of the Brexit-related uncertainties out of the way. USD also had a strong year primarily driven by rising interest rates (and expectations of same). From an investment perspective, stock markets performed very well over the year but the big story was the large increase in Oil prices given the wide knock-on effect of this. Section 5 in this Bulletin looks ahead to 2022 and what the new year might look like for the banking and treasury markets.

The Treasury Hub - November 2021 1.13 MB

This is the latest edition of THE TREASURY HUB Banking and Treasury Markets Bulletin of 2021. A lot has happened since the end of the Summer and it looks like it is going to be a busy run into Christmas and (most probably) a volatile start to 2022.Growing fears about the pace and scale of inflation globally has led to a re-assessment by the market of the prospects for long-term interest rates. In addition to this, Libor is disappearing for GBP loans from December 31st (so hopefully your documentation and systems are prepared!). Corporate activity remains buoyant with sellers continuing to achieve strong multiple of earnings across the majority of sectors.On the currency front, GBP has continued to strengthen and has recently dipped below 84p against EUR, bringing it back to where it started in the week or so after the Brexit vote in June 2016. USD has had an even better run and is over 8% lower (stronger) against EUR than it was at the start of the year. From an investment perspective, stock markets performed well over the Summer but have been jumpy over the past few weeks.Section 5 in this Bulletin looks at interest rates and inflation.

Budget 2022 Presentation - Oliver Mangan 1.13 MB

Oliver Mangan, Chief Economist Republic of Ireland with AIB presented on Budget 2022 at the Budget Webinar held on Wednesday, 13th October 2021.

Budget Highlights 2022 1.74 MB

Highlights from Budget 2022 including business tax, farmer tax, personal tax, VAT, miscellaneous tax and tax credits.

Budget 2022 Presentation - Patrick Fannon 1.96 MB

Patrick Fannon, Tax Director, presented on Budget 2022 at the Budget Webinar held on Wednesday, 13th October 2021.

SCARP - A more Efficient Rescue Process for SME’s 1.19 MB

On 22 September 2021, Jill Callanan, of LK Shields Solicitors and Brendan O’Donoghue, RBK presented a webinar examining the detail of the new SCARP legislation.

HR Support - Credit Unions 211.77 KB

RBK HR Solutions team provide a variety of services to Credit Unions throughout Ireland.

HR Support - Charity & Not for Profit 212.33 KB

RBK HR Solutions team provide a variety of services to Charity and Not for Profit organisations throughout Ireland.

Doing Business in Ireland 2021 5.49 MB

RBK are delighted to share our Doing Business in Ireland Guide 2021 which has been updated to incorporate new measures introduced in Finance Act 2020.

Transfer Pricing Presentation - RBK & Bennett Thrasher 2.17 MB

On 19th May 2021, Jackie Masterson, Head of Tax and Ben Miller, Head of Transfer Pricing with Bennett Thrasher presented on the latest developments on Transfer Pricing.

The Treasury Hub Update - April 2021 958.23 KB

Welcome to the fourth edition of THE TREASURY HUB Banking and Treasury Markets Bulletin of 2021. Domestically and internationally, there is increased focus on the speed of the vaccine rollout and, hopefully, a gradual return to normality.But the one sector that is looking anything but normal is the Irish banking sector with the announcement of the exit of KBC from the market. Following on from the Ulster Bank announcement the previous month, the SME and Business Banking offerings will be dominated by a duopoly of AIB and Bank of Ireland. The growth of PTSB and the non-bank providers will be crucial for the wider macroeconomic development of the country.On the currency front, the last week has seen USD retreat but GBP rebound. Both currencies are stronger against EUR since the start of the year. Although the cost of borrowing has increased for most governments in 2021, the move has stalled in Eurozone and UK but US rates continue to ease up as inflation prospects continue to be very actively debated (is it returning for the medium-term or just a temporary phenomenon?). Economic outlook for the US looks very positive at the minute.From an investment perspective, stock market trends are generally upwards again after some pause for breath. Coinbase was a high profile IPO in the US while the Deliveroo flotation in London was a disappointment. Finally, Section 5 covers interest rates, especially the spectre of negative deposit rates and considers if we can do anything to mitigate their impact.