It’s that time of year when a crystal ball would be incredibly useful. As we navigate through the first quarter of 2018, Eleanor Hill, Editor, asks five leading treasurers what is top of their ‘to do’ lists for the year ahead – and discovers what pitfalls they will be actively trying to avoid.
Turn the clock back ten years and the world was a very different place. 2008 was the year that Obama first won the US Presidential race and China hosted the summer Olympics in Beijing. It was also the year that SEPA Credit Transfers were officially introduced, changing the payments landscape across the Eurozone.
But of course, 2008 is most remembered among the treasury community for one thing: the collapse of Lehman Brothers. No-one needs to be reminded of the aftermath, and in many ways, it feels as though we have moved on significantly from those dark days. But the crisis cast a long shadow, and even in 2018 treasurers are still dealing with the consequences.
Regulation is a clear, albeit rather tedious, example of this. Thankfully, as well as the ongoing burden, there are now interesting treasury agenda items (alright, challenges) spinning off from regulatory obligations too. One of those ‘to dos’ for Jan-Martin Nufer, Director of Treasury & Funding, Borealis is further improving the automation of regulatory reporting.