From the November 2009 issue of Treasury & Risk magazine

Bronze AHA Winner in Enterprise Risk Management

In mid-2008, having experienced the ignominy of two financial restatements that cited material weaknesses, Toyota Financial Services' treasury controllership organization regrouped. A new risk oversight and management strategy was put in place to revive the confidence of dismayed senior management and other key stakeholders.

"We needed a more integrated framework and not organizational silos with little if any interplay between them," says Amit Shroff, head of planning and market risk at Toyota Financial Services (TFS).

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