OREANDA-NEWS. October 07, 2015. In conjunction with The NeuGroup’s Assistant Treasurers’ Group of Thirty (AT30) meeting that took place September 29-30, Bank of America Merrill Lynch shared experiences and best practices about working through these changes with treasury leadership from several Bay Area corporations.

Large corporates the world over are working with their key banking partners to secure a continuity of key treasury services as market participants adapt to new regulations. Compounding the challenge is that Dodd-Frank, Basel III and a host of other regulatory initiatives are being implemented at a time of unprecedented central bank policy change and, as a result, volatile global financial conditions. This puts additional pressure on global companies from all industries to ensure they have adequately prepared for the most extreme scenarios of changes to the global finance climate.

“In this unprecedented period, companies should be working with their banking providers to request the necessary services and expertise that will help them navigate the changing regulatory landscape,” notes Liz Minick, head of Global Corporate Sales in Global Transaction Services (GTS) at Bank of America Merrill Lynch.

Bank of America Merrill Lynch is thus working with companies to educate them about the importance of investment policies to help prepare them for changes in managing their liquidity reserves. Minick added that events such as AT30 “are a critical forum where we can deepen the conversation, and explore in detail the concerns that our clients have with regards to their global cash management.”

“Banks that do a good job of educating their customers about the known and potential impacts of today’s regulatory and monetary policy environment, while making any necessary transitions less painful, will win out in the long run,” notes Joseph Neu, founder and CEO of The NeuGroup.

Members of the AT30 will be leading their companies through the needed treasury operations changes, as well as the tactical positioning for funding and capital structure that will help mitigate the impact of a changing global financial landscape.

Given the uncertainty created by changing monetary policies and financial market conditions, capital raising was also a vital topic discussed at the AT30 meeting. “Shifts in best practice for bond issuance, CP, as well as bank financing are something companies should monitor proactively,” notes Jeff Rothman, head of Technology, Media and Telecom Corporate Banking at Bank of America Merrill Lynch.

Bank of America Merrill Lynch and The NeuGroup appreciated the opportunity to discuss these topics and AT30 companies’ responses to the recent financial market volatility at the September event.

The NeuGroup
For more than two decades, The NeuGroup has been a trusted thought leader and respected advocate for global finance and treasury professionals. The NeuGroup is the leader in peer knowledge exchange and intelligence for treasurers through its flagship publication, iTreasurer, NeuGroup Research and The NeuGroup Network of 18 invitation-only membership peer groups serving more than 350 treasury and finance professionals at the world’s top companies. Through benchmarking and surveys of the member peers, The NeuGroup Research has unprecedented access to the data, trends and thoughts of the world’s leading treasury professionals.
www.neugroup.com

Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 48 million consumer and small business relationships with approximately 4,800 retail banking offices and approximately 16,000 ATMs and award-winning online banking with 31 million active users and approximately 18 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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