Respondents considering financing growth via capital markets as ‘ Not Important’ increased significantly between 2019 (7%) and 2022 (32%), showing a preferencefor organisations to rely on their bank facilities or to the equity market.

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. Archeologists and volunteers participating in an archeological excavation or investigation are not eligible for a share in a reward. If the find does not count as treasure or no museum wants it 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: Almost unanimously, a majority of respondents said that FX, commodity, geopolitical and liquidity risks have emerged as a key risk management priority in 2022. But how do treasurers de-risk their operations?While turning treasury into a profit center had gain some momentum in prior surveys, it is still considered an exception as it tends to be limited to companies in certain industries (e.g., financial services and commodities trading businesses). Sixty-eight percent of treasury practitioners report that cash management and forecasting is currently a priority for treasury at their organizations. Leaders that commit to adapting the treasury function will find their efforts well rewarded. On the basis of our client experience, acting decisively in the following areas can boost bank NII 2% to 5%, and in some cases by as much as 10%. Even if the item is found to not be treasure at a later date the discovery is still counted as a treasure find.. ↩ There were 1,071 reported treasure finds in total across England, Wales, and Northern Ireland in 2020, fewer than the 2019 figure of 1,303.

Of these finds, the three largest acquisitions were made by the Norwich Castle Museum & Art Gallery (20 cases) , the Hampshire Cultural Trust, and the Museum of Somerset (14 cases for both). Join other digital transformation efforts within the bank, or forge strategic partnerships with fintechs and knowledgeable third parties. In 2020, reported treasure finds were 1,071 [footnote 6], representing a total of 31,388 artefacts (objects and coins). A ‘treasure find’ can be made of multiple artefacts, hence the total number of artefacts is much higher than the number of reported treasure finds. The total treasure finds were 1,049 for England, 22 for Wales, and 0 for Northern Ireland. 3. Reported finds by Location, 2020 (final) & 2021 (provisional) Furthermore, an important aspect under this function is ‘cash flow forecasting’, wherein treasurers try to forecast future cash positions to proactively plan for any liquidity shortfalls or surpluses.The adoption of treasury management technologies in the cloud has increased since we conducted our survey last in 2019. Respondents also share how they have increased the adoption of APIs, automation, and visualization technologies to complement treasury management systems (compared to our last survey in 2019). If you act in bad faith (for example by trespassing or trying to hide the find) you may get a reduced share of the reward, or none at all.

Enhancing liquidity risk management is considered as the most critical mandate given to treasury departments by the board or the CFO, echoing previous survey trends. Often the challenge faced by organisations are the inability to forecast due to insufficient cash flow data received from the business, inaccuracies in those forecasts, or not having a suitable tool to process and present forecasts. 55% of treasurers said that cash flow forecasting is their key priority going forward.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. Improve interest rate risk management by modeling longer deposit and equity horizons, deploying derivative strategies, and using hedge accounting in cases where the current or forecasted balance sheet capacity may limit the modeled duration. The general theme you will see across this year’s report is that the market has been incredibly busy across both commerce and industry and banking and financial services. The continued demand for the treasury skillset, in addition to an increased number of opportunities, has meant candidates are in a strong position when it comes to salary negotiations. As a result, treasury professionals have been able to secure significant uplifts when making an external move. Updated information: 'Due to the general election on 12 December there will be no publication of Forecasts for the UK Economy in November. The next publication will be on the 18th December covering both short and medium term forecasts'. The UK region with the most finds for the 2021 provisional data was the South East of England with 265 treasure finds (25%). The UK county with the most finds for the 2021 provisional data was Norfolk with 86 treasure finds (8%).

Amongst a plethora of strategies, hedging using financial derivatives has emerged as a key tool to allay macro headwinds. Survey results suggest that 62% of treasurers feel that hedging is moderately to extremely important for them. Meanwhile, on average, one out of three treasurers mentioned that they will increase their notional hedge ratio (Notional amount/ underlying forecasted exposure) in 2022. This statistical release presents data on the number of reported treasure finds for 2020 and provisional figures for 2021 within England, Wales and Northern Ireland. Data for 2020 are broken down by county, region, period, distribution and method of discovery. Figures for 2021 are provisional and are provided by county and region only. The document above contains a list of minsters and officials who have received privileged early access to this release of Reported Treasure Finds. In line with best practice, the list has been kept to a minimum and those given access for briefing purposes had a maximum of 24 hours. The UK Statistics Authority Capital and liquidity management remains at the heart of the treasurer’s work but,as the coronavirus pandemic recedes, there is a ramp-up across other activities.All this makes the treasurer and their (generally) small treasury team busier thanever. Add geopolitical uncertainty, inflation and interest rate rises into the mix, andtreasurers have to be on high alert.

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Invest in understanding the as-is state across the operating model. Benchmark key processes and analytics for their effectiveness against peer practices, and use the insights to prioritize improvements. Welcome to the Brewer Morris UK treasury market report and salary guide 2022-2023. This report contains information around the latest trends, salary analysis and market insights. As part of our survey we engaged with over 4,500 treasury professionals across commerce and industry and banking and financial services.