Your business also needs to consider how times of financial stress will impact your capital, funding and liquidity. You need to define risk appetite, strategy, policy and methods of evaluation around these key aspects of your business.

Industry best practice is becoming increasingly more sophisticated in terms of managing capital, funding and liquidity. A dedicated treasury operation is a luxury that many businesses can't afford, yet international standards, including IFRS, are demanding a considered approach by businesses to these factors. Engaging a virtual treasurer, or retaining such services for periodic review, enables delivery of specialist skills with the cost-effective benefits of outsourcing.

Consider Morpho Advisory as Virtual Treasurer or Treasury Consultant to your business to assist you with:

• Capital adequacy & structure
• Asset-Liability mismatches
• Debt funding and term structure management
• Liquidity & cash management
• Quantitative analysis (e.g. VaR, PD, LGD, EAD, CVA, DVA, FVA, market sensitivity and capital provision measures)
• Valuations (including financial instruments, derivatives, asset & liability portfolios and cash flows)
• Treasury policy, periodic review & management system evaluations
• Investments and divestments
• Board investment and risk committees