Joined in 2023 
82 
63 About this deal
In 2020, by region, the largest number of treasure finds in England, Wales, and Northern Ireland was the East of England with 247 cases (23% of total finds). Insight Gaps and Process Inefficiencies. Most treasury functions have yet to complete (or start) many of the modernization changes that respondents aspired to when we conducted the survey in 2018. As a result, most treasuries are not able to sense and respond to change fast enough, capture and analyze information efficiently enough, or deploy the right set of instruments surgically enough to deliver superior profit and loss (P&L) results within their institution’s specified risk appetite. Increase operating model efficiency. The following steps can give treasurers the authority and insights they need to improve productivity and cost performance significantly:
Consistent across all company sizes was an increased focus of combining technical treasury experience with data/modelling, digital, as well as soft skills. A few of our respondents expressed that they believe that the treasurer of tomorrow will not only need to possess treasury domain expertise, but leadership, risk management, and technology skills to better navigate strategic treasury priorities of tomorrow. We are able to provide characteristics of the treasure finds from 2020, reporting on the object type discovered, the period of history it originates from, and the number of pieces of treasure museums in the UK were interested in acquiring. A breakdown of the data is not yet available for 2021 as, in line with usual timescales, treasure finds for 2021 had not been finalised and confirmed [footnote 2] at the time of publication. This also means that the data is still provisional and subject to change. The next statistical release (due to be published in November 2023) will cover the characteristics for the 2021 treasure finds. I hope everyone interested in treasure will continue to help us build on the successes of the past to make the Treasure Act 1996 even more effective as it embarks on its next quarter-century. While conducting the survey, we observed some companieswho were still dealing with impacts from the COVID-19 pandemic whereas otherorganisations considered the pandemic in the review-mirror and were now focused on new priorities and challenges.Of these finds, the two largest acquisitions were 19 cases obtained by the British Museum and 15 cases obtained by Norwich Castle Museum & Art Gallery (combined 12% of object cases acquired). Respondent organisations represented around 44% of the identified green bond universe accounted for a total of USD7.4tn in bonds outstanding, including USD222bn of green bonds and collectively had issued 686 green bonds at the time of data collection. There are different rules for Scotland and different rules for Northern Ireland. Items of cultural or historical interest BCG’s sixth biennial Treasury Benchmarking Survey, conducted over the course of 2020, captured insights from 39 banks across Asia, Europe, and North America, including 13 global systemically important banks (G-SIBs). The findings reveal three core challenges:
In 2020, the provisional number of reported treasure finds was 1,077. This was lower than the final 2019 figure, though still the seventh year in a row, and the seventh time since the Treasure Act of 1996 [footnote 5] replaced the old common law of Treasure Trove in England, Wales and Northern Ireland, when treasure finds exceeded 1,000.
Charts to tell the story: Global Corporate Treasury Survey 2022
It remains a good time to work in the treasury profession, and individuals can expect to see some interesting work and exciting opportunities to progress their career over the coming months and years. Compared to 2019, working capital optimization and enhancing governance and control over domestic and overseas operations, has become a larger focus. Meanwhile, 54% of treasurers mentioned that cash visibility is the highest priority for them in their relationship with their transaction and cash banking providers and analytical quality being a key priority for 40% treasurers.
Great Deal 
New Comment