Derivatives: first do no harm
Article Abstract:
A survey conducted by the Treasury Management Association showed that a number of corporate financial planners are against the disclosure rules being developed by the Securities and Exchange Commission and the Financial Accounting Standards Board regarding the use of derivatives to minimize risk. The executives surveyed believe that disclosing derivatives use would negate their purpose as a strategic tool, since the disclosures might require revealing sensitive proprietary information. Apart from this, derivatives disclosure also entail a lot of accountants and lawyers that would increase costs for corporations.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 1997
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Bias should be on radar screen
Article Abstract:
The $176.1-million settlement by Texaco of a racial discrimination suit has prompted corporate treasurers to rethink their method of protecting their companies. However, the discrimination litigation threat is normally not included in a treasurer's risk assessments as these are more often handled by legal or human resource departments. To better protect one's firm against such risks, a treasurer must strive to understand and calculate the risks posed by racial, sexual and other issues.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 1997
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Value-at-risk: safety net or abyss?
Article Abstract:
Value-at-risk (VaR) is being viewed in conflicting terms by risk managers, and these managers should realize that no VaR is infallible no matter how promising it may seem. VaR is a valuable addition to risk management tools already existing but risk and treasury managers should realize that no tool is a cure-all for risk even though some VaRs are so encompassing that they are sometimes referred to as dollars-at-risk, capital-at-risk and so on.
Publication Name: Treasury & Risk Management
Subject: Business
ISSN: 1067-0432
Year: 1998
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