Financial Risk

News

Bolivar-to-Bitcoin Market Hit $1 Million Yesterday

Patricia Laya | April 18, 2018

As bolivar's value continues its freefall, Venezuelans use cryptocurrency as a safer haven and a path to access U.S. dollars.

Analysis

Crypto Industry Sweep: ICOs Under Increasing Scrutiny by U.S. Regulators

Benjamin Klein, Deborah Meshulam, & Jason Chang | April 17, 2018

Regulators are now taking a more active role in investigating not just ICOs but also the companies developing funds or other investment vehicles focused on cryptocurrencies or ICOs.

News

China Studying Yuan Devaluation Amid Trade Spat

Bloomberg News | April 09, 2018

A weaker yuan could help shore up China’s exports, but experts say it's “probably unwise.”

News

Powell Debuts as Show-Me Fed Chair

Craig Torres & Christopher Condon | March 22, 2018

Rates rise a quarter point, as expected, and Powell exhibits policy similarities to Janet Yellen—but significant differences in style.

News

Fed Weighs Rate Hikes

Treasury & Risk | March 19, 2018

Powell jumps in driver's seat as Fed is expected to raise rates this week.

Analysis

The Dollar Is the ‘Big Loser’ in Trump’s Political Turmoil

Lananh Nguyen | March 14, 2018

U.S.-led trade war would likely lead to significant drop in dollar.

Analysis

Effects of Climate Change on Corporate Credit Ratings

Michael Wilkins & Peter Kernan | March 08, 2018

How S&P Global Ratings gauges companies’ environmental and climate risks and opportunities, and what the trends reveal.

News

Binance Says 'All Funds Are Safe' as Crypto Traders Panic

Lily Katz | March 07, 2018

Many worry the platform was hacked; others claim to have lost thousands of dollars.

News

U.S. Pays Up to Auction $179 Billion of Debt in a Span of Hours

Alexandra Harris | February 20, 2018

Three- and six-month bills sold at levels unseen since 2008.

News

Be Prepared for T-Bills Flood

Alexandra Harris | February 15, 2018

Corporate debt and investment managers need to prepare now, as upcoming T-bill issuance will put upward pressure on short-term rates.

Best Practices

Transition to the CNY

Meg Waters | February 15, 2018

Pfizer wins the 2017 Silver Alexander Hamilton Award for Best Practices in Restricted/Emerging Markets.

News

Rate Hikes Still Expected

Rich Miller & Christopher Condon | February 13, 2018

Fed Chairman Powell says the central bank is moving to normalize monetary policy ‘with a view to extending the recovery.’

News

Mexico Raises Key Rate for Second Meeting

Eric Martin, Bloomberg | February 08, 2018

In a shift from their last meeting, policymakers indicated that the peso—in particular, the inflationary effect of its future potential weakness—would now be the first factor among those they’re watching.

Best Practices

Pursuing Best Execution in FX Transactions

James L. Singleton | February 08, 2018

Why corporate treasurers and risk managers should follow the roadmap from the financial services industry.

News

SEC Boss Emerges as Crypto Skeptic-in-Chief

Robert Schmidt & Ben Bain, Bloomberg | January 31, 2018

“These platforms that these things trade on, they are very easily manipulated, and I don’t think investors understand that.” —Jay Clayton, Chairman, SEC

News

Yellen Era Ends with Unanimous ‘No’ to Rate Hike

Craig Torres & Christopher Condon, Bloomberg | January 31, 2018

Fed officials also voted to continue reducing the central bank’s balance sheet.

News

White House Declares Open Season on the Dollar

Cecile Gutscher & John Ainger, Bloomberg | January 24, 2018

At Davos, Treasury Secretary Mnuchin lays out benefits of a weaker dollar.

News

Indonesia Warns Against Owning, Selling, Trading Cryptocurrency

Yudith Ho, Bloomberg | January 13, 2018

“Owning virtual currencies is very risky and inherently speculative.”

News

2018 Alexander Hamilton Awards

Treasury & Risk Staff | January 12, 2018

Treasury & Risk is pleased to announce this year's finalists.

News

FX Options Traders Get Wake-Up Call From Central Banks

Katherine Greifeld, Bloomberg | January 12, 2018

Trading in currency options picks up after moves by the BOJ, ECB.

News

Dollar Staggers Into 2018 Amid Global Reflation Trade

Katherine Greifeld, Bloomberg | January 03, 2018

U.S. currency's weakness expected to persist as central banks normalize policy.

News

Currency Market Guidelines Updated

Lananh Nguyen and Lucy Meakin, Bloomberg | December 20, 2017

Last look gets thumbs down in revised FX Global Code

Analysis

Pension Risk Transfers Target the Small Fry

Susan Kelly | December 18, 2017

Companies with underfunded pension plans try to contain costs by buying annuities for retirees receiving modest benefits.

Analysis

Looking Forward: FX in 2018

Wolfgang Koester | December 15, 2017

3 trends that will likely affect global currency markets next year.

Analysis

Libor’s Rise Matters for Trillions of Debt

Liz Capo McCormick, Bloomberg | December 14, 2017

Benchmark hits highest level since 2008 in the wake of the Fed's rate hike.

Best Practices

ASU 2017-12 Update: Does Implementation Timing Matter?

Helen Kane | December 14, 2017

Adopting the new FASB standard prior to the start of 2018 makes the most sense for companies with ineffective FX losses.

News

Fed Raises Rates, Eyes Three 2018 Hikes

Christopher Condon and Craig Torres, Bloomberg | December 13, 2017

But the FOMC omits a reference to the labor market strengthening further.

Best Practices

Team with the CISO to Keep Treasury Data Secure

Bob Stark | December 12, 2017

How treasurers can best support the corporate information security teams fight against payments fraud.

News

Investors Told to Brace for Steepest Rate Hikes Since 2006

David Goodman, Bloomberg | December 11, 2017

Citi, JPMorgan predict average interest rates will climb to at least 1% next year across advanced economies.

News

British Pound Rivals Emerging Market Currencies in Volatility

Sid Verma, Bloomberg | December 11, 2017

Brexit negotiations have spurred wider swings in sterling.

News

U.K. Businesses See Higher Costs in 2018 on Pound Depreciation

Lucy Meakin, Bloomberg | December 07, 2017

Despite the currency's slump since Brexit vote, only 46% of companies are hedging FX risk.

News

MiFID Swaps Deal Reached for U.S. Platforms

Silla Brush and Alexander Weber, Bloomberg | December 07, 2017

Policymakers move to prevent rupture in global derivatives market.

Best Practices

Innovation in Operational Risk Management

Meg Waters | December 06, 2017

The 2017 Alexander Hamilton Awards in Operational Risk Management & Insurance recognize three initiatives that raised the bar in creative thinking—and reaped the benefits.

News

CFTC Fines Have Plunged

Matt Robinson, Bloomberg | November 27, 2017

U.S. swaps watchdog sought $413 million in penalties in fiscal 2017, down 68% from the previous year.

Steeling Treasury Against Cyberthreats

Susan Kelly | November 14, 2017

As hackers rack up bigger heists, corporate treasurers need to step up their game against cybercrime.

Best Practices

Cybersecurity Best Practices for Treasuries

Susan Kelly | November 13, 2017

From two-factor authentication and segregation of duties to automated reconciliations

News

GE Risks Lower Rating After Slashing Earnings Forecast

Molly Smith and Richard Clough, Bloomberg | October 27, 2017

For many borrowers, lower credit ratings involve little pain.

News

U.S. Softens Criticism of Chinese Currency

Saleha Mohsin, Bloomberg | October 19, 2017

China, South Korea, Japan, Germany, and Switzerland remain on Treasury's list

Analysis

Balancing Act: Trends in Treasury Management

Eileen Dignen | October 16, 2017

In our fast-paced business environment, corporates have to be nimble while keeping payments secure.

Best Practices

Still Ignoring the Risks Inherent in Bank Deposits?

Ben Campbell | October 10, 2017

Smart corporate treasurers are rethinking cash investment policies and counterparty risk frameworks held over from the too-big-to-fail era.

News

Is the Dollar Due for a Bounce?

Katherine Greifeld, Bloomberg | October 05, 2017

Trumps tax plan, hopes for more Fed tightening could give the currency a lift.

News

Banks Want In on Bitcoin

Hugh Son, Bloomberg | October 05, 2017

Banks find digital currency hard to ignore as their customers clamor to buy.

News

Bank of England Seeks Brexit Derivatives Deal

Jill Ward and Silla Brush, Bloomberg | September 26, 2017

Brexit puts trillions of pounds worth of derivatives at risk, BOE says.

Best Practices

Reaping the Gains from Rising Interest Rates

Bob Stark | August 17, 2017

Five factors corporate treasurers need to consider as central banks around the world look to increase rates.

Best Practices

Taking a Lean Approach to Cash Flow Exposure Forecasting

Fikre Bizuneh, Malcolm Cummings | August 03, 2017

From the factory floor to finance: How a Lean approach can help treasury better manage currency risk.

Analysis

The Near Future of Cyber Risk Management

Andrew Bateman | July 20, 2017

6 trends corporate treasury teams should keep an eye on.

Analysis

New Hedge Accounting Standard Flashes Green Light

Susan Kelly | July 13, 2017

FASBs simpler rules could encourage more companies to hedge their exposures.

Best Practices

Getting the Most out of Your Cash

Seth Brener | June 22, 2017

Managing corporate liquidity has never been more challenging, either for cash-rich companies facing low interest rates or for smaller companies looking to finance growth.

Best Practices

How Treasuries Transform Themselves

Meg Waters | April 19, 2017

Whatever its goal—from increasing analytics capabilities to optimizing support of the business during an acquisition or divestiture—a treasury transformation project is an enormous undertaking. Here are three companies that did it right.

Best Practices

Trends in Bank Relationship Management

Eileen Dignen | April 04, 2017

Amid a turbulent external environment, corporate treasurers are expecting more from their partner banks in three key areas.