Risk and the corporate treasurer: Which risks matter?

From GT News –
“Corporate treasurers are usually concerned about risk, and often have a mandate from their companies to measure and mitigate it. The importance of this mandate is evidenced by the amount of material published every month, encouraging treasurers to adopt different approaches and use different instruments.

The main problem with risk mitigation is that there are many different kinds of risk. Any attempt to remove all risks is likely to be prohibitively expensive, and so it is useful to look in detail at how to classify and view these risks. At a basic level, there are two different measures of any risk.”

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What Treasury needs to know about cyber risk

From GT News –

“Given Treasury’s central role in sustaining a bank’s financial stability and security – and the fact that all parts of the bank come to it for knowledge and advice – the department needs a working knowledge of this rising new category in the bank’s risk register.

The starting point for Treasury is to recognise that the responsibility for deflecting cyberattacks can no longer be deferred just to the IT department. If defending against these attacks merely required investment in technology, banks would have already completed it. In fact many have invested millions in technology in their attempts to prevent cyberattacks, yet more often than not their exposure to cyber risk has only increased.”

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