An Introduction to Treasury 2019, (Two Days)
Almost without exception every client I deal with has expanded the area that works with treasury. That's finance, risk, audit, compliance and reporting. It's not surprising. Regulation is in the ascendancy and it's creating a shortage of skills. Something only a few months ago we wouldn't have anticipated.
And the risk?
It's not that you lose all your staff at once. It's the steady dilution of the expertise. Eventually it operationally affects your business.
Can you do anything?
I can't offer a "magic bullet" but here is a remedial step. It is the new treasury course, it lasts two days. It's suitable for small groups of 4-10 and is run on site.
It addresses how things have changed. From products and risks to the way markets now behave, the new rules on liquidity, how credit risk is mitigated and the new focus on governance and limits.
This is what's in it:
Key issues in financial markets today
Inside the Treasury: What the Treasury does.
Key terms that are used within treasury: An explanation of essential terminology and definitions.
Money markets products: The main products and how these markets have changed.
Repurchase agreements: How repo transactions work and the risks involved.
Liquidity risk: Extensive regulation has completely altered the way this risk is managed.
Foreign exchange: How foreign exchange markets work and how firms use FX deals.
Derivative products: What they are, what leverage is, why the derivative market has grown. The risks derivatives have.
Interest rate & currency swaps: Interest rate swaps are used to hedge and trade interest rate risk.
Interest rate options:
Bonds: How firms use capital markets for the asset and liability side of their balance sheet.
Floating rate notes: What they are, how they work, how they are valued.
Fixed rate bonds: What they are and how they are used from a funding perspective.
Structured products: A brief explanation of collateralised securities, how they work and the risks involved.
What happens when you do a transaction: This section will consider what happens when a transaction is completed, where the trade goes, what happens to it, the key controls that take place and some of the risks that can arise.
Market risk: An introduction to this topic that assesses the strengths and weaknesses of the following:
Credit risk:
Collateral Management: With OTC derivative transactions.
Operational risk in Treasury
Governance & risk limits
19th January 2012
19th January 2012
22nd January 2016
26th February 2011