Tesco
Time for Rebalancing
Report

Time for Rebalancing

Insights from BCG‘s Treasury Benchmarking Survey 2014

Gerold Grasshoff, Pascal Vogt, Michael Widowitz and Carsten Wiegand
Boston Consulting Group, 2014
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Editorial Rating

8

Qualities

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Recommendation

The upheaval in European financial markets since the sovereign debt crisis has reverberated far and wide, including in the offices and job descriptions of bank treasurers. In its biennial survey of major banks in Europe, the Boston Consulting Group finds that many of these banks’ treasurers are reporting to new bosses. Treasury jobs are changing, too, with balance-sheet responsibilities and liquidity management elbowing out traditional trading duties. getAbstract recommends this concise but informative report on the future of bank treasury to finance professionals.

Take-Aways

  • Since the European sovereign debt crisis, the role of bank treasurer in Europe has evolved to include managing risk and liquidity.
  • According to a 2014 survey of 30 major banks operating in Europe, 82% of responding global bank treasurers now report to chief financial officers and assume “a steering role” that acknowledges the treasury’s influence on all bank divisions.
  • Banks are stockpiling cash in case of future liquidity squeezes. Among global banks, the typical cushion is 17% of assets; for smaller banks, it’s 13%.

About the Authors

Gerold Grasshoff, Pascal Vogt, Michael Widowitz and Carsten Wiegand are members of the Boston Consulting Group in Europe.

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