The NeuGroup’s newest peer group, The Assistant Treasurers’ Group of Thirty, will have its pilot meeting in September. This group is for assistant treasurers of large cap companies and is referred to as the AT30. It is our 15th group. Pilot participants were recently polled on a list of agenda topics to determine which were of greatest interest. The following is a summary of the results.
Given that this is the pilot meeting, members will have the opportunity to present their company’s respective treasury department structure and their personal responsibilities as Assistant Treasurers. This will provide background for a highly requested discussion of treasury technology, where members will learn about each other’s technological infrastructure, including systems, continuity plans, plans for new implementations, challenges and suggested technologies to try.
Members also expressed some interest in the ongoing Eurozone crisis, even though the topic has been discussed and written about ad nauseum for many months. Although relegated to a lunch address, the desire to have the topic on the agenda at all indicates members aren’t ready to take their eye off this ball. Our sponsor Citi will highlight their recommendations based on what their clients in Europe and the US are doing to protect themselves.
The most anticipated session is a review of the new regulations that will affect treasury either directly or indirectly through their banking relationships, including Basel III, Dodd-Frank, MMF rules from the SEC, and CFTC regulatory changes on ISDAs and CSAs. We will have Citi’s insight on how clients are preparing for new regulations, as well as overviews from two of our members on preparations being made.
Relatedly, bank counterparty risk is a widely shared concern and is a common topic on many peer group agendas. We will have a member-led discussion on monitoring financial and operational risks of financial institutions, triggers for terminating relationships and approaches to measuring and allocating the treasury wallet. We will also discuss the technological solutions available to support these activities.
Cash flow forecasting is another popular area of interest, and several members will present their forecasting models and related technology as part of a discussion on managing input contributors, variance analysis, automation and reconciling to forecasts generated by other groups.
This will lead to a session on global liquidity planning that will address numerous issues such as deploying optimal in-house bank structures for liquidity risk management; pooling, netting and payment factories; managing trapped cash and cash in highly regulated markets such as China; the global organizational design using treasury centers; and the necessary technology to bring everything together.