• Volcano fountain in Yellowstone National Park

    Mitigating FX volatility

    In the last four years global corporations have lived through some of the most volatile times in the $5.3 trillion a day foreign exchange market. The volatility started with the global financial crisis, swiftly followed by the sovereign debt crisis in the Eurozone and, in more recent months, volatility in safe-haven currencies such as the Japanese yen and the Swiss franc. Talk of turning off the liquidity taps by the US Federal Reserve Bank also highlighted some structural weaknesses in emerging market economies such as India, which saw the rupee record some of its biggest falls against the US dollar in more than two decades.

  • Cyber hacker cracking codes

    Under cyber siege

    Cyber risk is a growing concern for businesses. But how can a treasurer help to manage this risk? In this article, we examine the nature of threat faced by companies today and the practical steps that can be taken to prevent and minimise the damage of a data breach.

  • Gold bars being weighed

    Corporate liquidity: the key to movement

    In an environment where opportunities are beginning to open up, organisations – from sales managers to treasurers – have a renewed growth agenda, and are expanding where possible. Corporates are discovering that it’s important to look internally to ensure operations are optimised and safeguarded – and well-positioned for achieving this growth.

  • Roller coaster loop upside down

    Hedging your bets

    The JPY’s 20% depreciation since November has stoked fears of increased FX volatility in 2013 and potentially a new era of currency wars. What tools can be used to protect companies from FX fluctuations? Is hedging always the answer?

  • Photo of an open bank vault

    Safeguarding your reputation

    Reputation is a highly valuable – and vulnerable – corporate asset. Building up a global name can take years and even decades, but it is surprising how little time it takes to dismantle a high-profile brand.

  • Baseball smashing through a window

    Euro break-up: stress test your treasury

    Treasurers are increasingly using stress testing and contingency planning techniques to protect their businesses from a euro break-up. But what is involved and can it really help?

  • Hedge tunnel with path

    To hedge or not to hedge?

    Determining the trigger point at which your treasury committee decides to hedge can be a difficult task. No matter how diligently treasurers apply hedging best practice, they may still have to navigate around increasing regulation, corporate debt worries and the Eurozone crisis.

  • Field of yellow tulips and one red tulip

    Options: worth the bother?

    Options have often been deemed by treasurers as too expensive and complex to use. But sustained market volatility and future uncertainty are making many reconsider the pros and cons of the financial instrument.

  • Surveyor looking through a theodolite

    Measuring bank risk: how long is a piece of string?

    Before the recent financial crisis, most banks of any size in the developed markets were considered low risk counterparties. When deciding which banks to work with, corporate treasurers were primarily focused on the price and quality of their services. Now, counterparty risk has become a key concern – and a treasurer’s core duty is to keep money safe. This article looks at the methods available to measure that risk.

  • Birthday cake with lots of frosted icing

    A year in the life... FX management

    How would you fare as FX Manager of an MNC?

    High FX rate volatilities are a big challenge for multinational corporations with complex international value chains. In this article we invite you to take up the challenge and imagine the obstacles you might need to overcome in your first year as FX Manager of XY International Limited.