Treasury Today Country Profiles in association with Citi

Magazine

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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treasurytoday Magazine March 2009 cover

March 2009

Publication date: Mar 2009

Too good to be true?

Warren Buffet once famously said, “You only find out who is swimming naked when the tide goes out.” In other words, it is not until favourable conditions become unfavourable that it is clear who has been covering their back and who has gambled that the high tide was here to stay.

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treasurytoday Magazine February 2009 cover

February 2009

Publication date: Feb 2009

What’s in a number?

Even in the world of treasury, where large sums of money are a fundamental aspect of the job, the figures we have been seeing in the news in the past few weeks are staggering. The news continues to be dominated by stories such as the alleged $50 billion fraud run by Bernard Madoff and bank bailout packages with price tags like £200 billion, €500 billion and $800 billion.

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treasurytoday Magazine January 2009 cover

January 2009

Publication date: Jan 2009

Facing the future

In times of crisis it is only natural to focus on the past. How did we get into this situation and why? When was the last time anything like this occurred? What were the consequences and how long did it take for the situation to recover?

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treasurytoday Magazine November/December 2008 cover

November/December 2008

Publication date: Nov 2008

All eyes on treasury

As the world watches the banking crisis unfold, a shift is taking place in the way the treasurer is perceived. Once viewed as an ivory tower, treasury has been brought to the forefront of the organisation by the financial crisis. Suddenly the treasurer is more visible than ever before, and awareness of the areas with which the treasury deals on a daily basis has grown, in the corporate setting and beyond. For the treasurer, this represents both a challenge and an opportunity.

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treasurytoday Magazine October 2008 cover

October 2008

Publication date: Oct 2008

A game of survival

We are living in extraordinary financial times as the credit crunch gives way to a liquidity/solvency banking crisis which is draining the financial lifeblood out of the global banking system. Even the older financial commentators have never seen anything like this.

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treasurytoday Magazine September 2008 cover

September 2008

Publication date: Sep 2008

Bring an umbrella

It is no secret that crisis acts as a catalyst for change. Plato observed as long ago as 360 BC that ‘Necessity is the mother of invention’ and it remains true today that need is what spurs us to action. For treasurers, the current market conditions have prompted a reappraisal of their priorities and as a result we are seeing a higher level of interest in solutions that the banks have been touting as a means of unlocking working capital.

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