Treasury Verdict Asia 2014

Jun 2nd 2014 | Asia

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 20th anniversary conference on Cash, Treasury & Risk for Finance Professionals in Asia, held in Singapore, on 21 to 23 May 2014.

Commentary was provided by these panellists:

  • Joseph Lee, Treasury Director, Asia Pacific & Africa, Hewlett Packard, Singapore
  • Lillian Sim, Head of MNC Sales, Treasury Services, J.P. Morgan, Singapore
  • David Blair, Senior EuroFinance Tutor & MD, Acarate, Singapore (conference chair)

Key findings

  • Almost six in every 10 treasury and finance professionals in Asia (58%) feel more confident about their business’ prospects in the next year. This makes treasurers in the region tied with their peers in Southern Africa (also 58%) in terms of business confidence. Asian treasurers are less optimistic than their peers in the Middle East (78%), India (66%), the US (61%) and China (60%), but score higher than treasurers in Brazil (55%), Europe (38%) and Turkey (21%). [Question 1, see Global Context below]
  • Treasurers in Asia demonstrate a similar confidence when looking at the global economic prospects of the year to come, with 58% feeling more confident. Some 24% think that the global economy will perform in a similar way to the past year, while 18% are less confident going forward. [Question 2]
  • Over eight out of every 10 treasury and finance professionals in Asia (85%) believe that regulatory compliance has impacted their treasury in some way. Specifically, 39% say regulatory compliance has impacted them significantly, while 46% say that this has somewhat been the case. [Question 9]
  • A significant majority of Asian treasurers (77%) feel more confident about Asia’s economic prospects in the next 20 years compared to the previous two decades. [Question 12]

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