At February’s ACT Cash Management Conference delegates were asked whether, in the lead up to Brexit, they had changed their treasury/risk management policies. The results were indicative of a mixed response to Brexit planning, with 30.3% answering that they had, which left 27.3% who were in planning and 42.4% who had yet to do so. Whatever the outcomes of Brexit, the need for the treasurers to plan and support the wider business continues to be essential. Managing a corporate’s liquidity, establishing new bank accounts and supporting the supply chain to prevent, or at least minimise, disruption must be a key focus. The next ACT breakfast briefing on 4 April will endeavour to explore these issue and find out how treasurers from a range of sectors are managing.
Free to attend for corporate treasury professionals and ACT members.
As trade within the European Union has become easier over time through greater harmonisation and further development of the single market, the increased trade barriers resulting from Brexit for corporates with a UK presence will be a challenge. And as we come ever closer to the 29TH March, the reality of the UK’s separation from the European Union becomes more important and the need for treasurers to plan and support the wider business is essential. Managing a corporate’s liquidity, establishing new bank accounts and supporting ones supply chain to prevent or at least minimise disruption must be a key focus. But preparation is only possible so far, and in the days and weeks after Brexit, particularly in the case of no deal, managing liquidity and limiting supply chain interruptions will be of upmost importance; and the next ACT Brexit briefing, held a few days after Brexit, will cover this with treasurers from a variety of sectors giving their thoughts and ideas as to how they are supporting the wider business to minimise disruption.
08.00 Registration and refreshments
08.30 Welcome from the ACT and Chair’s opening remarks
Caroline Stockmann, Chief Executive, ACT
Charlotte Morgan, NED & Audit Committee Chair, Sumitomo Mitsui Banking Corporation Europe
08.40 Keynote talk: The Long Goodbye This introductory talk with give a view of the political and economic situation with respect to Brexit along with the speaker’s thoughts as to the developments they expect over the coming weeks and months.
Sanjay Raja, UK Economist, Deutsche Bank
09.10 Panel discussion The panel discussion will then delve into further detail about the challenges for treasurers, particularly with respect to the need for stockpiling to minimise supply chain disruption and managing liquidity.
Chris Howarth, CFO, Falcon Group
Chris Gilbert, Group Financial Controller, Elementis
David Ranson, Group Treasurer, Pentland Group
Flora Hamilton, Head of Financial Services, CBI
Moderator: Charlotte Morgan, NED & Audit Committee Chair, Sumitomo Mitsui Banking Corporation Europe
10:05 Chair’s closing remarks
10.15 Close of event
Falcon Group
Falcon House, 60-62 Lombard Street
London
EC3V 9EA
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