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.
In this summary, you will learn
- How the roles of European bank treasurers are changing,
- How new EU regulations will affect banks’ cost of senior unsecured debt and
- What bank treasurers must do to ensure continued bank profitability.
About the Authors
Gerold Grasshoff, Pascal Vogt, Michael Widowitz and Carsten Wiegand are members of the Boston Consulting Group in Europe.