As a global integrated risk assessment firm, Moody's is passionate about managing risk. Several years ago, the company embarked on a review of its foreign exchange (FX) risk management process and concluded that the process could be improved.
"Moody's conducts business in more than 40 countries, and we regularly have exposures to approximately 35 currencies," says Alexander Ilkun, vice president of treasury. "Most of our sizable exposures are major currencies, like euro, Canadian dollar, and Japanese yen. Our exposures are generally stable; they don't change significantly from one month to the next." However, Moody's saw an opportunity to improve visibility and agility in its currency risk management.
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Meg Waters
Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.
