Since the 1970s, financial risk management has been regarded as an essential for almost all large businesses. A systematic process of identifying and guarding against company risks, risk management is often taught to business professionals through investment seminars and financial planning seminars. The professionals involved in the industry are trained in treasury operations, passing a Certified Treasury Professional test in order to receive certification in the industry. As of 2008, the test was passed by nearly 20,000 professionals.
Ultimately, treasury management involves management of an enterprise’s holdings, ultimately with the goal of maximizing liquidity and limiting operational, financial, and reputational risk Continue reading