EDITOR'S COMMENTARY |
This week, we look at the results of the 2013 AFP Compensation Survey. Given the gradually improving economy, treasury and finance professionals have received healthy pay increases. Also this week, we bring you exclusive coverage of the CTC Corporate Treasurers Forum, held last week in New York. Among the hot topics discussed were treasury's involvement in making strategic decisions, and whether treasury should lead the enterprise risk management function. Also, the SEC considers a new system that would rate the rating agencies, Visa Europe drastically reduces fees on cross-border credit card transactions, and a study reviews the key issues treasurers face when adopting e-payments.
-- Andrew Deichler, Editor
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FEATURES |
Treasury and finance professionals enjoyed healthy pay raises last year, according to the 2013 AFP Compensation Survey. Of the three job tiers referenced in the report - executive, management and staff level - the executive level saw the biggest boost.
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The 2008 financial crisis placed treasurers in the board room with senior management for the first time. Five years later, many frustrated treasurers say they are back on the outside of the board room looking in. |
Last week at the CTC Corporate Treasurers Forum a question arose: Should treasurers lead the enterprise risk management function instead of the internal audit group? Not surprisingly, a spirited debate followed.
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The SEC held a roundtable May 14 to discuss a new system wherein an independent board would randomly assign initial ratings to nationally recognized statistical rating organizations (NRSROs). Needless to say, the concept generated many opinions.
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European treasurers are poised to save a substantial amount of money on cross-border credit card transactions for their companies now that Visa Europe has announced it is reducing interbank fees for these payments.
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Adopting electronic payments is essential for corporates, but one study uncovered substantial obstacles that treasurers must surmount to ensure a successful implementation.
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AFP ECONWATCH MID-WEEK |
May 22, 2013
The pace of economic growth slowed once again during April, according to a report from the Federal Reserve Bank of Chicago.
more
Read Monday's edition.
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YOUR DAILY RESOURCE |
Just Released: 2013 AFP Compensation Report
Financial professionals' salaries reflect the continued growth of the U.S. economy in 2012, according to results of the 25th annual AFP Compensation Survey. Overall, financial professionals garnered an average increase in base salary of 3.4 percent in 2012.
Download the results...
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