When: June 12th, 2003 at 2:30 Eastern Time for about 1 hour Register

Speakers: Anthony Carfang Co-Founder and Partner Treasury Strategies Inc.   David Robertson Principal Treasury Strategies, Inc

Session Description:

      
Banks are marshaling resources to make new assaults on corporate liquidity, as soon as Reg Q is repealed.  Many are setting their sights on  the estimated $4 trillion of corporate cash balances that are currently invested outside of bank balance sheets.  

In the securities and money fund industry, surprisingly few parallel preparations are underway.  This is astonishing because both industries will experience major change as a result of Reg Q rollback.  At some level, they will face a zero-sum game, with one industry gaining assets only at the other's expense.

Reg Q is second to only to Glass-Steagall in terms of its profound impact on the development of US capital markets. Reg Q prohibits banks from paying interest on business checking accounts, and in effect, created the secondary markets.  As a result of Reg Q’s prohibition on the payment of interest on business checking accounts, corporations looked to non-bank providers for the investment of their cash balances, leading to the development of the secondary markets.  This could change.

Please join Anthony Carfang, Partner and David Robertson, Principal of consulting firm Treasury Strategies, Inc. as they explore these issues.  This session will examine the far-reaching implications for securities dealers, money funds, commercial paper issuers and others as banks regain their intermediary privileges. We will develop a number of possible future scenarios and assess potential winners and loser in each.

This program is appropriate for senior financial executives with responsibility for Treasury Management, Middle Market Banking, Large Corporate Banking and Corporate Strategy. 

Attendance Fee:

$275 per institution plus $50 per telephone line used

About Anthony J. Carfang

Anthony Carfang is a Co-Founder and Partner of Treasury Strategies Inc. His practice, Financial Institutions, enables senior-level managers to make informed decisions relating to strategic issues, including: Industry issues and trends, competitive position, customer behaviors, and hidden opportunities.

Since founding the firm in 1982, Mr. Carfang and the Financial Institutions practice has served many of the nation’s largest banks, securities firms, and mutual fund companies. One area that Mr. Carfang has spent considerable focus is the role of corporate treasury and liquidity management. Through the development of successful strategies and exceptional quantitative methods for treasury analysis, Mr. Carfang has empowered many to optimize their potential.

Mr. Carfang received his M.B.A. from Northwestern University following a B.S. from Duquesne University. His career in treasury management includes experience as a Vice President in the cash management-consulting group for the First National Bank of Chicago.

Mr. Carfang is a member of the Treasury Strategies Inc. Board of Directors, and is a frequently published author in a number of national financial journals, including: Corporate Controller, Treasury and Risk Management, Corporate Finance, The AFP Pulse, The American Banker, Pensions and Investment Age, Corporate EFT, among others. Additionally, he is a frequent public speaker on a variety of current treasury topics, including addresses to the Association for Financial Professionals National Conferences.

About Dave Robertson

Dave Robertson is a member of the Financial Services Consulting practice. He assists banks, brokerages, insurance companies, and other financial institutions in the development of strategies designed to improve competitive position, client satisfaction, and financial returns. 

Mr. Robertson joined Treasury Strategies in 2002, following seventeen years of financial services and consulting experience. Mr. Robertson’s 15 years of banking experience in the U.S. and Canada included senior responsibilities in cash management, strategic planning and acquisitions, risk management, financial administration, and credit administration. At Harris Bank/Bank of Montreal, Mr. Robertson developed and launched a web-based treasury management service, managed the disbursement line of business, including Purchasing Card, developed the Bank’s risk policies, and developed and implemented an economic capital approach across the institution, including the commercial lending business.

Mr. Robertson has an MA in English Literature from Northwestern University, Evanston, Illinois, and holds a Bachelors of Finance from Indiana University, Bloomington, Indiana. He is the former Chair and President of the Chicago Jaycees and has served as Treasurer on the Board of the Carole Robertson Center for Learning. Mr. Robertson has spoken at several treasury management conferences, including Electronic Commerce 1998.

About Treasury Strategies, Inc Treasury Strategies Inc. is a results-driven treasury consulting firm that helps corporations, financial institutions, non-profit organizations, and governmental agencies attain maximum value from their treasury operations. Treasury Strategies focuses exclusively on treasury management and related financial functions. Founded in 1982, Treasury Strategies offers a depth, breadth, and reach of knowledge and experience that are unsurpassed in the treasury services industry. Treasury Strategies maintains offices in Chicago and New York. Strategic international alliances afford us global treasury management capabilities and extend our reach far into the worldwide arena.

For additional information, visit www.TreasuryStrat.com or call 312.443.0840