Three Key Drivers..... in a changing world

Regulatory change, the fallout from the financial crisis and the subsequent economic downturn are three key drivers/focus on liquidity management practices for corporate treasurers globally.

In Europe, the ongoing implementation of SEPA - Single Euro Payments Area (see related concerns by the EACT) will have a notable impact on cash management arrangements - all of which will ultimately make life simpler for all European treasurers. Harmonisation of payments and collections standards will certainly open up possibilities for efficiencies e.g. consolidate the number of accounts/banking relationships maintained, use of tools such as balance sweeping and cash concentration, etc.

And the evolving regulatory landscape and ongoing economic uncertainty are driving the take-up of solutions that seek to actively manage corporate liquidity. See more here

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Are treasurers ready for the plethora of regulatory requirements?

SEPA, Solvency II, Basel III, banking restrictions/recapitalisation requirements, transfer pricing deadline, the Regulator's recommendations.

For instance, the Revenue Commissioners have issued Tax Briefing No. 07/2010 in relation to Transfer Pricing Documentation Obligations which you can view here: transfer pricing requirements.

These regulations and more issues of relevance to treasurers and the treasury sector at the upcoming www.corporatetreasury.ie conference.