Financial risks present increasing challenges forcorporate treasurers, with 58.8% of the treasurers who responded toa recent survey by consultancy TreaSolution saying financial riskmanagement has become more difficult over the last year, up fromthe 44.9% who said that in 2011.
The heightened concern probably reflects a range of issues,including the European debt crisis and the prospect of newregulations regarding derivatives, says Daniel Carmody, managingdirector of Chicago-based TreaSolution.
“If you're an international company active in Europe, obviouslythe risk in Europe is something you need to take intoconsideration,” Carmody says. “Regulation-wise, that's going to bea concern, and the ambiguity that's associated with that will be aconcern. It's just the overall environment for financial riskmanagement becoming more difficult for practitioners.”
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Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
