Focusing on the issues (TT May04 p30-31)

The survey that Ernst & Young carried out last year in association with the ACT examined various aspects of treasury operations. Some of the most interesting findings concerned the position of the treasury within organisations. For example, despite the recent high profile of risk management, treasury activity was monitored by the board in less than half of the organisations surveyed. The performance of treasury, meanwhile, was regularly measured in only a third of the organisations.