Spare a thought for your company’s treasurer or head of risk management this week. If you don’t know who that person is, just look for the one banging his or her head against the wall.
One of that person’s primary roles is to manage your company’s cash: to invest it as wisely as possible for the short-term rather than let it loiter on the balance sheet, but also to ensure that the company has enough cash available to pay bills that are due. That job got considerably more difficult last week. The tale of why it got more difficult provides a useful insight for all of us who make a living dealing with government regulation.
