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This article deals with the importance of improving internal controls in the treasury departments of European MNCs.

Automation and straight-through processing (STP) is the radical solution. The critical and specific features of their work make treasury managers potential specialists in internal control. 

Key Points

• Treasury Environmental Control Objectives
• Three Levels of Controls Applied to Treasury
• An example of an internal control framework for treasury departments
• The treasury manager - a mini CRO
• Internal Control – PDCA Cycle or Deming Wheel applied to Treasury
• Don’t wait until you are forced to make preparations

Written by

François Masquelier
Head of Corporate Finance and Treasury, RTL Group, and Honorary Chairman of the European Association of Corporate Treasurers
RTL Group