We all live – reluctantly or otherwise – with acronyms and the world of treasury associations is no exception. When I took over as Chief Executive of the ACT I was keen to focus attention on just that – ‘the ACT’ rather than ‘the Association’, which old hands will remember well as the way we usually referred to ourselves. ‘Association’ always seemed to me to be an unhelpfully obscure term; ‘ACT’ on the other hand is a badge that should be much more recognisable.