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. 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:

What was 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. 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. The region with the most finds for the 2020 provisional data was the East of England with 249 treasure finds (23%). The county with the most finds for the 2020 provisional data was Norfolk with 104 treasure finds (10%). Take a fresh look at the liquidity buffer to see whether a different size, composition, funding horizon, or regulatory interpretation could shave costs and allow financial resources to be used more productively. Shifting to a centralized buffer model, as well as moving from static to dynamic buffer management, can enable this optimization on an ongoing basis.Increase operating model efficiency. The following steps can give treasurers the authority and insights they need to improve productivity and cost performance significantly:

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. A treasure find is when a single or group of items is discovered which contains at least one item that may [footnote 1] meet the legal definition of treasure. Data on the type of treasure and their final destinations of the finds in 2020 are broken down by county, period, and method of discovery. Figures for 2021 are provisional and are provided by county and region only. In 2021, the provisional number of reported treasure finds was 1,079. This was greater than the final 2020 figure of 1,071. Since the Treasure Act 1996 [footnote 5] replaced the old common law of Treasure Trove in England, Wales and Northern Ireland, 2021 was the eighth year in a row, and the eighth time when treasure finds exceeded 1,000. Total reported treasure finds in England, Wales and Northern Ireland in 2021 (provisional) and 2020 [footnote 4] were donated to museums (47 object cases, 12 coin cases) allowing them to be acquired by museums at no (or reduced) public cost 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.Geographic coverage – National, Regional and county level data for England, Wales and Northern Ireland. This release does not cover Scotland. of treasurers said that liquidity and cash management is the top priority for them going forward and when asked about if there are any changes in liquidity and cash management activities, 67% responded that they spent more time on this treasury function.