The challenges that companies have faced since the global financial crisis have heightened corporate treasurers' focus on risk management. A recent survey by FIS, a provider of banking and payment technology, shows a pickup in the portion of corporates that have formal risk management policies, as well as an increase in the share of companies that award themselves a decent grade on risk management.
The executives surveyed still see challenges in a number of risk management areas, though, including market risk and credit risk.
FIS, which acquired treasury systems provider SunGard last year, surveyed treasury and finance executives at more than 100 companies around the world, 68% of which had annual revenue of more than $1 billion.
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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.
