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Final countdown for Libor has begun

Future CFO

As a result, banks will no longer need to feed daily numbers in to Libor’s calculation from Jan 2022. According to the FCA, banks will have time — until June 2023 — to extricate themselves from US$200 trillion of contracts tied to Libor. Hong Kong is also developing an alternative rate. As of Sep 2020, there were HK$4.8

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Enterprise Risk Management and EPM – Separate or Joined at the Hip?

Planful

Another panelist highlighted their investment in inventory, as well as managing growth in the business. How do you balance the core responsibilities of Finance with risk management? Making timely, relevant, and accurate data available across the business is critical to effective decision-making and risk management.

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Multinational Corporates Face Rising FX Hedging Pressure

PYMNTS

With such an outcome having been largely expected, sterling’s immediate reaction has been muted as the news was already priced in,” reflected Caxton FX currency expert Michael Brown in an interview with Express.co.uk banks will face a credit shortage following Brexit, leaving small businesses without access to capital.

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Citi Warns Treasurers To Update Approach To FX Risk

PYMNTS

Citi released a new report this week warning corporate treasurers to improve their FX risk mitigation efforts. The bank said Thursday (Mar. The biggest question is, will more multinationals adapt their legacy FX risk management processes and practices to navigate the changing market environment?”.

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LIBOR transition for corporates - tackling outstanding challenges

PWC UK

  Firstly in December 2020, ICE Benchmark Administration (IBA) LIBOR’s administrator, issued a consultation on its intention to cease the publication of GBP, EUR, JPY and CHF LIBOR, as well as one-week and two-month tenors of USD LIBOR after 31 December 2021. Especially as the banks increase their outreach efforts.

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Transcript: Graeme Forster, Orbis Investments

Barry Ritholtz

And they also have a unique approach to feeds when they’re generating alpha, when they’re outperforming their benchmark, they take a performance fee. So, you know, our sister company in South Africa, Africa have done 8% above the benchmark. And the third, the one that nobody talks about is risk management.

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Transcript: Kristen Bitterly Michell

Barry Ritholtz

It’s a town of about 4,000 people, so exposure to markets or investment banking or any of the careers in finance was not something that you really envisioned. It was at Bank One, at the time. RITHOLTZ: There’s always risk involved with counterparties …. BITTERLY MICHELL: Always risk. BITTERLY MICHELL: … risk management.