Headline: Coping with New Year hangovers from the euro Source: Euromoney Date: January 2002 Author: Nigel Page Introduction of euro notes and coins involves complex decisions on the part of bankers on how to deal with legacy currencies in contracts. Instead of watching and waiting, UK banks need to plan ahead. As Lynne Guyton, a senior manager at management consultants Accenture points out, the euro will continue to be an important driver in the evolution of Europe's capital markets. From a strategic perspective, banks need to be taking these into account. Guyton says: "Treasury services post-EMU will be principally driven by the polarization of currency risks between the world's two major currency blocs - the US dollar and the euro." |