Track: Risk Management

S&P Gives Treasurers More Reason to Care about ERM

Monday, October 20, 2008
8:30 a.m. - 9:30 a.m.
Room: 402 AB

S&P has announced its intention to incorporate the enterprise risk management (ERM) approach of a company in its analysis of the entity?s creditworthiness. Treasury managers will want to know what aspects of ERM, S&P will be inspecting and how the ERM reviews will impact ratings. Learn how this change can be a compelling reason to promote sensible risk management practices within your company.

Speakers:

• Dale R. Sorenson, CTP
  Executive
  Crowe Horwath LLP

• Anne C. Selting,
  Director
  Standard and Poor's

• Daniel M. Perkins, CTP
  Executive
  Crowe Horwath LLP

Objectives

• Describe S&P?s timetable and expected course of action
• Estimate the potential impact of ratings changes on interest expense
• Suggest courses of action for a treasurer in preparing for ERM-related reviews

Pre-Requisites

• Three or more years in treasury management
• Exposure to corporate practices of issuing public debt

Take-Aways

• S&P?s original announcement about its ERM analysis
• Crowe?s analysis of the "interest-rate ladder"

CPA Field of Study: MAS