The Association for Financial Professionals (AFP) has released the 2020 AFP Asia-Pacific Treasury Management Handbook, sponsored by Kyriba and released in collaboration with China National Association of Finance Companies (CNAFC), the Association of Corporate Treasurers Singapore (ACTS), and the Japan Association for Chief Financial Officers (JACFO).
The APAC Treasury Management Handbook provides an overview of the elements of treasury management and includes guidance on the core tasks of a regional treasury centre. Organised into two parts, the handbook is designed to support treasury professionals working in the Asia-Pacific region. The first part of the handbook analyses 12 elements of treasury management, while part two offers profiles of 15 different countries throughout the APAC region, detailing the financial environment within each country.
The AFP says that the APAC handbook should:
- Enhance existing operations, whether regionally or in a single country in APAC.
- Assist treasury departments with expansion into APAC, using the cornerstones of risk management, liquidity management and the implementation of proper controls.
- Shorten the learning curve for all operational aspects of a treasury function.
“As organisations have embraced global opportunity and expanded into new markets, treasury functions have also grown, both strategically and operationally,” commented Himashi Soriano, AFP managing director, APAC. “AFP’s new handbook acts as an overview of the key fundamentals of treasury management, as well as an in-depth look at the region itself. It’s a must-have for practitioners new to Asia-Pacific, as well as ones who have operated in the area for years.”
“New business in the fast-developing Asia region is driving financial complexity with different regulatory requirements and business practices that treasury professionals will have to manage,” said JaeSon Kim, APAC managing director at Kyriba. “Technology can be a great enabler for practitioners who want to take advantage of the knowledge the new AFP handbook offers.”
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