We need to think in a radically new way when it comes to banking regulation in the future.
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While reading about the Satyam fraud it still surprises me that it is so easy to cheat the auditors, even though they have a great tool right at hand for sniffing out problems: cash.
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The credit crisis has focused minds on cash and liquidity forecasting - and not just the minds of the cash manager and treasurer; but also those of the CFO and CEO, as I have previously mentioned.
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