Efficiency is the name of the game and treasury managers are continuing to look for ways to do more with less. Members of the Global Cash and Banking Group (GCBG) have identified process efficiencies as a major theme for the upcoming fall meeting. Corporate treasury is facing expanded demand in their role and responsibility in today’s increasingly global environment and new next generation treasury technologies may play a leading role in adding greater flexibility and increased efficiency to day-to-day processes.
As the risk of a eurozone collapse continues to grab headlines, treasury managers are working to identify direct and indirect exposures associated with such an event, and how best to implement a corporate contingency plan in the event it becomes necessary. Discussion among GCBG members shows that most members have completed the framework of their contingency plans and are now working on a greater level of tactical detail while they continue to monitor the events across Europe.
Managing liquidity in changing times is another key topic for the upcoming meeting. As we continue to see the finalization of many key Dodd-Frank derivatives regulatory rules, and Basel III begins to take affect for banks, treasury managers are faced with increased changes in how they may have to execute day-to-day transactions.
The group will also discuss how the recent bank downgrades may be affecting their treasury policies and risk mitigation strategies.