More volatility likely, treasury’s attention required
The British vote for “Brexit,” or to leave the European Union (EU), has ended. But it’s only the end of the beginning. Headline news emphasizes how much we don’t know about how Brexit will unfold. This lack of certainty means that in the short term a period of volatility in the financial markets is likely. The good news is that managing for the unknown is a core skill of corporate treasury. If your company does business with Great Britain or the EU, you’ll want to assess and mitigate your risks.