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Beyond Compliance: The Growing Importance of Third Party Risk Management, TMI Magazine, TMI 240
In a rapidly evolving business environment, while it is critical to focus on immediate challenges Ė from liquidity issues to increased cyber risk Ė it is also vital to think about ways to make treasury more robust in the future.
Li & Fung Limited partnered with HSBC to consolidate its bank accounts and redesign its existing liquidity structures to make better use of internal liquidity. The company's treasury now has real time control of its cash and has assumed a more strategic role within the organisation.
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