Managing Bank Relationships in Turbulent Times

In the year 2023, the issue of counterparty risk has become of major importance for treasurers, primarily stemming from the upheaval in the banking sector during the spring.

The striking collapse of several prominent banks in quick succession during early 2023 sent shockwaves through the treasury community. This series of events served as a stark reminder of the global financial crisis of 2008 when the vulnerability of banks to defaults became painfully evident, thereby accentuating the significance of counterparty risk. However, the circumstances of 2023 differed markedly from the past.

In the 2023/24 report, read more on why there has never been a better time for corporates to review their existing bank relationships and policies.