The changing role of treasury
For the corporate treasurer, times have changed drastically since the financial crisis. Pádraig Floyd finds out how they manage the pot and achieve consistency while the storm of economic uncertainty rages
Once a sleepy backwater of the finance function, corporate treasury was charged with managing an organisation’s cash and funding requirements and pretty much left to get on with it. But all that changed with the financial crisis in 2008.
As liquidity dried up, business leaders needed to know if their plans could be financed and, if not, how to manage expectations. Since then, the demands on corporate treasurers have steadily increased.
The changing role of treasurers has been closely followed by the Association of Corporate Treasurers (ACT) in its annual report, The Business of Treasury.
This is an extract from the Business & Management Magazine, Issue 279, November 2019.
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