Treasury Verdict Miami 2014

May 28th 2014 | Americas

INTRODUCTION

Treasury Verdict is the electronic voting and panel discussion held at EuroFinance events worldwide. This report is based on the votes of corporate treasury professionals, bankers and other vendors and advisers who attended EuroFinance’s 10th annual conference on Cash, Treasury & Risk Management in Turkey, held in Istanbul, on 15 and 16 April 2014.

Commentary was provided by these panellists:

  • Dennis Tosh, Director Global Trading & Risk Management, Ford Motor Company, US
  • David Dunkerley, Group Treasurer, Cable & Wireless Communications, UK
  • Susan Wilson, Managing Director, J.P. Morgan, US
  • Robert J Novaria, EuroFinance Tutor & Consultant, US (conference chair)

Key findings

  • Treasury and financial professionals in the US are optimistic about their business prospects for the next 12 months compared
    with the past 12 months, with 61% saying they feel more confident. This is in line with the result from last year’s Treasury Verdict
    live poll in Miami, in which 60% of the audience said they were more confident about their business’s prospects for the year to
    come compared to the past year. [Question 1]
  • But it is in sharp contrast with sentiments about the long-term health of the US economy, with 66% reporting they are not more
    confident about the US’s economic prospects for the next 20 years compared to the past two decades. [Question 10]
  • The majority (57%) of US treasurers are actively looking for ways to diversify their company’s funding sources. [Question 6]
  • Regulations have had a major impact on the majority of corporate treasurers and 62% say that it has had a significant effect on
    their treasury activity. [Question 7]
  • A significant proportion (44%) of US treasury professionals say that the euro will remain the same against the US dollar over the
    next 12 months, while 38% say it will depreciate by 5-15%. [Question 2]

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