Treasury Today Country Profiles in association with Citi


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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treasurytoday Magazine July/August 2008 cover

July/August 2008

Publication date: Jul 2008

Recognising success

Last month we had the pleasure of welcoming Award winners and specially invited guests to the inaugural Treasury Today Adam Smith Awards lunch held at the Four Season Hotel in London Docklands’ Canary Wharf. It was a pleasure to welcome such a distinguished set of winners to collect their Awards. To record their achievements, we are publishing an Awards supplement with this month’s issue of Treasury Today in which we feature all the winners in a series of one page case studies.

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treasurytoday Magazine June 2008 cover

June 2008

Publication date: Jun 2008

Banking relationships in hard times

As the western economies teeter on the edge of recession and credit has become a scarce commodity, the word ‘relationship’ has become popular when discussing banking arrangements. But what a ‘relationship’ means to both sides is never very clear. Is it a means by which the corporate should not squeeze the last pip on its deal and a means of getting something from the bank that others will not get? Or is it just the way that the bank sells more product?

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treasurytoday Magazine May 2008 cover

May 2008

Publication date: May 2008

Adding value in difficult times

In these difficult banking and economic times, many treasurers are realising this is the moment to shine in their organisation. They feel there has never been a better moment to demonstrate how they can help their organisation through these challenging times. Other treasurers may prefer to keep a lower profile but may then find the CEO and CFO have different expectations. The wisest treasurers are already demonstrating the value they can add in today’s challenging climate.

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treasurytoday Magazine April 2009 cover

April 2008

Publication date: Apr 2008

Only two weeks to submit your nomination...

As the end of April approaches, we wanted to remind all our readers that the deadline for submitting a nomination for the Treasury Today Adam Smith Awards is Wednesday 30th April.

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treasurytoday Magazine March 2008 cover

March 2008

Publication date: Mar 2008

Return of the rogue

Thirteen years after Nick Leeson famously brought down Barings, the rogue trader is back. An individual has once again been able to circumvent the safety controls of a respected bank, this time to lose Société Générale a record €4.9 billion – not enough to bring the bank down, but enough to damage its reputation for risk management and leave it vulnerable to takeover.

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treasurytoday Magazine February 2008 cover

February 2008

Publication date: Feb 2008

First Annual Adam Smith Awards for Best Practice and Innovation

Last month we announced an exciting new initiative at Treasury Today, the Treasury Today Adam Smith Awards for Best Practice and Innovation in corporate treasury.

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treasurytoday Magazine January 2008 cover

January 2008

Publication date: Jan 2008

First Annual Adam Smith Awards for Best Practice and Innovation

We have been writing about corporate treasury for over ten years and during that time we have seen lots of excellent innovative ideas and many examples of best practice.  These are not always recognised for their contribution to the treasury profession.  We would like to change that and Treasury Today is, therefore, delighted to announce the launch of the annual Adam Smith Awards which will recognise best practice and innovation in corporate treasury.

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Treasury Today November/December 2007 magazine cover

November/December 2007

Publication date: Nov 2007

Risk in everything

Recent events have led to a better understanding of how the banking system works. The main foundation of the banking industry is that it is built on confidence. This enables banks to borrow short and lend long – something they would not encourage their customers to do. Banks also borrow heavily – with a gearing ratio of eight times their capital – and again this is a lot more than they would ever allow their corporate customers to do.

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Treasury Today October 2007 magazine cover

October 2007

Publication date: Oct 2007

Business as usual

One of the more interesting themes coming out of the EuroFinance conference in Vienna last month is that there was no one theme that everyone was talking about. Previous years have seen the banks talking about the same subject. Whether you go back a few years to systems and Y2K or the introduction of the euro, or in more recent times working capital management and managing the supply chain, there have always been dominant themes. This year was different. ABN AMRO as lead sponsor talked about the commercial impact of environmental issues but other banks all followed different themes.

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