â¢ Key issues to be discussed at upcoming EuroFinance International Conference on May 23-25 in Miami.
Chief financial officers and corporate treasurers across North America are feeling upbeat about the business and economic outlook and the state of their company finances. Advance findings from the latest Quarterly Global Business Confidence Survey from EuroFinance â the leading global provider of cash management, treasury and risk events â show that corporates are significantly more optimistic about the economy than last year.
The EuroFinance Quarterly Global Business Confidence Survey revealed numerous findings, including:
â¢ Almost 70% of North American respondents say that their companyâs performance is âabove averageâ
â¢ Almost two-thirds say that banks are delivering acceptable lending terms to healthy companies and are pricing risk more realistically
â¢ Very few have experienced funding constraints that have impaired their ability to seize business opportunities
Andrew Sawers, Editorial Director of EuroFinance, explained: âAs the people with primary responsibility for managing company cash flows and balances, corporate treasurers have a front-row seat to whatâs happening in the real economy. Their responsibilities for managing financial risks also provide invaluable insight into the priorities of some of the biggest businesses on the continent.â
These latest survey results come as CFOs and treasurers prepare to gather at the 15th Annual EuroFinance International Americas conference in Miami, on 23-25 May 2011. Sawers added: âAgainst such a positive backdrop, it is the right time for the most senior members of the financial and treasury community to be meeting to discuss how to take their businesses to the next level.â
However, the EuroFinance Quarterly Global Business Confidence Survey also points to some concern that emerging markets may be in danger of peaking. Survey results point to difficulties in securing affordable funding in Asia/Pacific, for example:
â¢ More than a quarter of respondents say that funding constraints are impeding their ability to capitalize on good business opportunities
â¢ About a fifth say the economy is performing below expectations
â¢ In terms of overall sentiment, âbullsâ and âbearsâ are almost evenly split down the middle
âThese are not bad results, but they act as a warning that multinational companies need to make sure they are completely on top of their operations in emerging markets,â Sawers concluded. Running alongside the EuroFinance International event is the inaugural two-day conference, Treasury and Risk Strategies for High-Growth Markets. The emphasis will be on China, India and other emerging markets. âThe concept of ârecessionâ may be almost unheard of in many fast-growing economies, but they are very challenging markets â and increasingly competitive,â said Sawers. âOur parallel event in Miami will help North American treasurers understand how they can deal with the hurdles and seize the opportunities in these fast-growing regions.â