Essentials of Managing Treasury
Chapter One
Introduction
After reading this chapter, you should be able to:
Appreciate the historical impact of past events that have
shaped the form and function of today's treasury.
Understand the component activities of treasury.
Review the various functions of treasury and how they
interact with other parts of an organization.
Background
Over the past several decades, the financial market environment has
changed dramatically. Financial market volumes are larger, and news
travels more quickly than at any time in history. Governments have always
come and gone, crises have erupted, but today the information
and implications are almost instant. Events that occur anywhere in the
world can impact an organization within minutes.
As a result, significant energy and resources today are spent managing
the financial implications of internally generated strategies and
external events. The historical importance of past events has shaped
many of today's treasury activities.
Changes in Financial Markets
Financial markets have changed over the past few decades. A number
of factors have contributed, including long-te ... read full excerpt from Essentials of Managing Treasury ebook
