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Transcript of FiREapps
Presented by: WWW.ALEXANDERHAMILTONAWARDS.COM
Financial Risk Management Award
Wolfgang Koester CEO, FiREapps
Presented by:
Presented by:
Increased Currency Volatility is the New Normal
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CFOs: Euro Greatest Financial Risk in 2012
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The biggest concern for UK CFOs in 2012 is the risk of a breakup of the euro.
CFOs attach a 37% probability to one or more members of the Single Currency leaving the euro in 2012.
87% of CFOs believe this is a bad time to be taking more risk onto their balance sheets.
Source: The Deloitte CFO Survey, Priorities for 2012: Cash and costs
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Expect Euro-Driven Volatility to Continue, We are Not out of the Woods Yet
Dates to Watch: • 9/12 Austria Parliamentary Election • 10/12 Czech & Lithuania Parliamentary Election • 10/12 Slovania Presidential Election • 11/12 Romania Parliamentary Election • 1/13 Germany Lower Saxony State Election • 4/13 Italy General Election • 6/13 Bulgaria Parliamentary Election • 9/13 Germany Federal Elections
Source: FiREapps research July 2012
Copyright © 2012 Rim Tec Inc. All rights reserved.
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Currency Volatility: Not Just a EUR Issue
• Currency is biggest financial risk CFOs can fully control
• Currency agnostic firms are weathering the euro storm
• Risk will come from other markets, keep an eye on China
• Do not get fixated on the EUR
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• Raise the bar on risk management as a driver of shareholder value
• Involve the risk organization in key decision-making processes
• Improve the sophistication of measurement and modeling
• Integrate risk management capabilities across the organization
• Establish a dedicated risk executive with oversight and visibility across the business
Source: The Risk Masters, Accenture 2011
What are Strategic Treasurers Doing to Prepare?
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Common Themes From This Year’s AHA Financial Risk Management Nominations
• Cloud-based technologies are driving faster, more agile solutions and leveling the playing field
• Automation and analytics enable Treasury to focus on driving economic value
• Treasury is increasingly driving strategic cross-functional initiatives