BNP Paribas Cash Management University 2016

In early June,the ninth annual BNP Paribas Cash Management University was held in Paris.The delegates were polled about what keeps them awake at night:
1.the current political situation,53%;
2.a new sovereign debt crisis,17%;
3.the ECB's struggle to lift Europe out of deflation,14%;and
4.China's slowing economic growth,10%.*
Alain Papiasse,Group Chief Deputy Chief Operating Officer at BNP,said that the global economic outlook had clouded since the previous CMU last year,with the IMF making several downgrades.Only the US was doing better,and there are fears even about its growth cycle.Europe's modest GDP growth had improved a bit,but not sufficiently to dispel fears it was becoming a second Japan with anaemic growth and near-zero inflation for over 25 years.*
Negative interest rates threaten to become more than a temporary phenomenon,creating a dilemma for companies carrying excessive cash of whether to buy back shares or increase dividends.Digitisation would change the world dramatically over the next five years,and the ways BNP Paribas works with its clients.It also affects corporate treasurers' current areas of concern:
1.reporting and regulating compliance;
2.how to invest prudently in a low interest environment;and
3.cyber security's increasing importance.*
There were 260 delegates from 20 countries at the CMU.BNP Paribas is a French multinational that was ranked as the world's third largest bank by assets in 2012.*
BNP Paribas (Paris:BNP)