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- But Transport for London (TfL) and the Garden Bridge Trust have carried on regardless, egged on by powerful Bullingdon backers, mayor Boris Johnson and chancellor George Osborne.
- The president of the Metropolitan Public Gardens Association has described it as a “vanity project of a windswept garden on an unneeded bridge”, while leading bridge engineers have called it a “private garden platform pretending to be a bridge”.
- The National Audit Office has been ordered to examine the “rationale” behind George Osborne’s pledge of £30m of Treasury funding for the bridge.
- Their correspondence over funding the bridge was recently uncovered by the Architects’ Journal, in which Osborne spelled out his £30m grant and urged Johnson to “do the same”.
- Opponents have objected to the £60m of public funding and the £3.5m annual maintenance costs, to the restricted access for bikes and to the murky procurement process, which saw Thomas Heatherwick appointed ahead of other experienced bridge designers.
- And to do that, they rely on a de facto standard reference architecture for managing currency risk.
- It is the single most important element in a well-run currency risk management program.
- More specifically, there are three key components of the de facto standard reference architecture for managing currency risk, including 1) exposure analytics and decision support; 2) a trading platform for trade execution; and 3) a TMS for trade accounting.
- In this article, I’ll explain what that reference architecture looks like, and the results it has enabled award-winning treasury teams to achieve.
- The treasury team collaborates with stakeholders inside and outside the business to facilitate decision making that takes currency risk into account.