I am delighted to introduce our annual Awards for Innovation and Excellence, now in their twelfth year and once again providing a clear indication of how banking, technical and professional services are rated by our corporate treasurer readership. This year we have made 50 Awards, including for the second year those in the increasingly important category of Best Bank - SWIFT for Corporates, which has been the subject of many of the most informative and interesting articles carried by TMI during the past year. The financial supply chain is also recognised for the second year, and this too is a subject which has provided much food for thought and discussion in our pages.
Although the financial global crisis is receding, it is far from over and treasurers around the world are still fraught with anxieties about what lies ahead; a recent Business Confidence Survey by J. P. Morgan Treasury Services, featured in TMI edition 188, showed that the difficulty of forecasting cash flows is treasurers’ biggest concern, even ahead of the state of the economy itself. While we cannot provide a crystal ball we can, and do, offer first-class articles from experts in many treasury-related fields whose sound and practical advice we know to be greatly valued by our readers in many countries. As the sands of the financial landscape continue to shift, we take a justifiable pride in being able to bring you some signposts, both in the physical pages of the magazine and, increasingly, in online versions including our new and very popular iPad App, sponsored by Deutsche Bank.