Treasury Today Country Profiles in association with Citi

Magazine

treasurytoday Magazine March 2010 cover

March 2010

Publication date: Mar 2010

Something new to bank on?

The British comedy actor, Tony Hancock, observed half a century ago that blood banks were like any other sort of bank. “Bang it in when you’re flush, draw it out when you need it.” It’s as good enough a definition as any other. Banks are there for investing surplus funds and then to provide credit when their customers need it.

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treasurytoday Magazine February 2010 cover

February 2010

Publication date: Feb 2010

Politics and policy

It was certainly a disappointment to see US President Barack Obama recently announcing banking reforms on such an unprecedented scale without reference to the global community, and in particular the G-20. He wants to do two things: the first is to limit the size of banks to get rid of the ‘too big to fail’ dilemma which costs taxpayers money when banks are threatened or go under.

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treasurytoday Magazine January 2010 cover

January 2010

Publication date: Jan 2010

All change?

With the start of a new year, a new decade and a tentative world recovery, one would hope for some cautious optimism from the treasury community. But the spectre of recovery is still overshadowed by uncertainty and volatility in commodities, currencies and markets.

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treasurytoday Magazine November/December 2009 cover

Nov/December 2009

Publication date: Nov 2009

Not a pretty sight

We are reaching the end of the year and the banking system has survived. At the beginning of 2009 it was far from clear what would happen. The fears of a financial Armageddon were fading but it was difficult to tell how, and if, bank balance sheets would be repaired. As this year draws to a close however, the shape and future of the banking industry is becoming clearer.

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treasurytoday Magazine October 2009 cover

October 2009

Publication date: Oct 2009

Sober SIBOS

SIBOS is one of the banking industry’s biggest conferences. Originally an event for back-office staff, it is now attended by the transactional banking sales teams as well. Hong Kong was the venue for this year’s conference and it was good to see the Chinese banks represented in force. However, the mood was sombre with fewer attendees than previous years and those that were there just grateful they still had jobs and their banks still existed.

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treasurytoday Magazine September 2009 cover

September 2009

Publication date: Sep 2009

Interesting times

For the last two years, late summer has been a disruptive time of the year for the financial community. In August 2007, news of the sub-prime crisis began reverberating throughout the world, although few predicted the far reaching consequences at that stage. September of the following year was even more dramatic, seeing the collapse of a number of financial institutions starting with Lehman Brothers.

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treasurytoday Magazine July/August 2009 cover

July/August 2009

Publication date: Jul 2009

Celebrating success

Last month, Award winners and other guests from around the world were invited to the annual Treasury Today Adam Smith Awards lunch in London. Held at the Four Seasons Hotel in Canary Wharf, the lunch was once again an enjoyable and inspiring occasion, and the mood was one of optimism and celebration despite the challenges that continue to shape the market.

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treasurytoday Magazine June 2009 cover

June 2009

Publication date: Jun 2009

Trust, but verify

In a recent survey of 290 corporate treasurers by EuroFinance Conferences, 65% of respondents stated that their trust in bankers had declined since the onset of the financial crisis. At a time when markets remain turbulent, companies are understandably less inclined to place their confidence in another party.

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treasurytoday Magazine May 2009 cover

May 2009

Publication date: May 2009

Green shoots

When Shriti Vadera, economic adviser to UK prime minister Gordon Brown, spoke of seeing “a few green shoots” in January, her comments were widely criticised as premature. However, the sentiment has been echoed by other, more prominent, figures in recent weeks: US president Barack Obama has claimed “we are beginning to see glimmers of hope,” while Ben Bernanke, chairman of the Fed, has spoken of “tentative signs that the sharp decline in economic activity may be slowing”.

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treasurytoday Magazine April 2009 cover

April 2009

Publication date: Apr 2009

Anger management

As the impact of the financial crisis and global economic downturn continues to spread, people are increasingly looking for someone to blame. Riots across Europe have made the news in the last couple of months and governments have fallen in Iceland, Latvia and Hungary as a direct result of the crisis. Elsewhere, corporate bosses are being targeted: in France, there have been several recent cases of disgruntled employees holding their managers hostage while demanding improved redundancy packages.

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