Counterparty risk and non-payment is main credit worry for treasurers
by Kylene Casanova
Counterparty risk is a top concern for treasurers and one major problem is concentrated exposure to a small number of businesses.
Financial Risk Management
Background
Financial risk is made of three basic types: market risk - FX risk, interest risk and commodity risk; counter-party risk - credit and partner risk; and liquidity risk - risk that the company will not…
Read moreCorporate treasurers: is it time you hedged climate risk?
by Kylene Casanova
Two recent news stories suggest that treasury professionals should be seriously considering the impact of climate change risks – and incorporating these risks into their financial risk framework.
“Markets recovered quickly from shock of Brexit vote” - BIS Quarterly Review
by Kylene Casanova
Financial markets have recovered quickly from the shock of the Brexit vote, partly due to actions by central banks, according to the Bank for International Settlements (BIS).
3 key risks in EU financial system – ESAs Autumn report
by Kylene Casanova
A report has highlighted three key risks in the EU financial system, which are related to the 2007 financial crisis. However, Brexit is a more immediate risk, says the report.
Research finds Bitcoin can’t compete with the dollar
by Kylene Casanova
Research by the SWIFT Institute has found that virtual currencies such as Bitcoin are unlikely to 'crowd out' fiat currencies.
Biggest waste in corporate treasury: 30 years experience just walked out the door
by Kylene Casanova
Japan puts its seniors to work, why don’t corporate treasury departments do too? New ways of thinking are needed…….
China to boost investor confidence with credit default swaps
by Kylene Casanova
China has taken another step towards opening a credit default swap (CDS) market, the Financial Times reports this morning. The hedging tools would protect investors in case of a credit default.
US CFOs bullish on company prospects but cautious over China and Europe – Deloitte survey
by Kylene Casanova
Overall, CFOs are more bullish about their own companies' prospects in the coming year but there is a huge amount of caution regarding Europe and China, as well as US equity markets.
EC launches consultation on macro-prudential framework
by Kylene Casanova
The European Commission has launched a consultation on the EU's macro-prudential framework, with the aim of aligning regulations and improving levels of systemic financial risk.
How blockchain could make financial markets safer
by Kylene Casanova
The importance of operational resilience in the financial industry has never been greater, according to a white paper, published by Finextra in association with IBM.
Non-performing loans in EU remain high - EBA report
by Kylene Casanova
A report by the European Banking Authority (EBA) has said that the level of non-performing loans (NPLs) in the EU banking sector remains high, at up to three times higher than other global jurisdictions.
The questions treasurers should ask in light of ‘Brexit’
by Kylene Casanova
Thomson Reuters suggests taking a practical approach to enterprise risk and now, following the UK's 'leave' vote last month, companies need to reassess certain key areas of their business model.
Brexit: business school professor predicts UK real estate prices could drop by 5th
by Kylene Casanova
Commercial and residential markets were already topping out. Brexit will make house and real estate decline worse - Professor of Urban and Property Economics at Henley Business School
Cash flow forecasting needs Actively Open Minded Thinkers
by Kylene Casanova
Tim Harford, Senior Columnist, Financial Times, explains how open minded thinking is essential in forecasting and why Keynes was a better forecaster than Irving Fischer: “When facts change, I change my opinion”
Brexit is a really bad idea: UK sovereign rating will be downgraded from AAA and …
by Kylene Casanova
Moritz Kraemer, Global Rating Officer, Sovereign Ratings, Standard & Poor quietly and clearly explains why downgrading will be the first of many problems
ESMA replies to EC on treatment of commodity derivatives trading under MiFID II
by Kylene Casanova
The European Securities and Markets Authority has published an official opinion on MiFID II and MiFIR, in response to comments from the European Commission.
Market and credit risks remain high in Q1
by Kylene Casanova
Uncertain EU and global economic outlooks keep liquidity risk at high levels, according to a Q1 report by the European Securities and Markets Authority.
EU backs rules to stop financial benchmark manipulation
by Kylene Casanova
The European Parliament yesterday voted to support common EU standards against the manipulation of financial benchmarks.
KPMG launches data resource to pre-empt third-party disruption
by Kylene Casanova
KPMG has launched its 'Third Party Intelligence' system, a digital data resource on third-party suppliers for companies.
The three main risks in the EU financial system
by Kylene Casanova
The European Supervisory Authorities have published a report highlighting three main risks in the European financial system, including low profitability of banks and contagion from China.
53% of British CFOs not preparing for Brexit - Deloitte survey
by Kylene Casanova
Deloitte UK's Q1 2016 CFO Survey shows a rise in chief financial officers supporting the EU in the run-up to the UK's EU referendum on 23 June.
Global economic woes hit CFOs hard
by Kylene Casanova
Surveys by Deloitte and EY show growing unease among financial professionals with regards to the state of the global economy. Expectations are at their lowest since 2012.
FASB update: simplification of share-based payments and choice in hedging rule adoption
by Kylene Casanova
The Financial Accounting Standard Board has issued a new standard to simplify accounting for share-based payments, and also voted to let companies choose how they implement hedge accounting changes.
CFTC eases regulatory burden for commodity trade options
by Kylene Casanova
The US Commodity Futures Trading Commission clarified its position on commodity trade options, enabling companies to address commercial risk more effectively.