January 2013 Risk Newsletter

By Staff Writers
Published: 2013-01-10

Welcome to 2013—the fiscal cliff has been averted (for now) but other challenges await treasurers and risk managers. Corporates must weigh paying Chinese suppliers in RMB, while figuring out what to do with their hoarded cash now that the FDIC’s unlimited deposit insurance has ended. And, in one last look back at 2012, corporates reveal lessons learned from operating in the aftermath of Hurricane Sandy.

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ABOUT THIS NEWSLETTER Risk! Newsletter is a monthly publication that brings you the latest in the full array of risk topics including enterprise risk, operation risk, technology risk, reputation risk, insurance risk, and much more. Look for best practices, advice on the latest technology, profiles of those challenged by unique risk situations, and the latest news.

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Should Treasury Lead ERM? Practitioners Weigh Pros and ConsLast week at the CTC Corporate Treasurers Forum a question arose: Should treasurers lead the enterprise risk management function instead of the internal audit group? Not surprisingly, a spirited debate followed.
AFP Fraudwatch: Essential Controls for Treasury, FinanceWith payments fraud running rampant, a recent AFP webinar held by a treasury executive provided especially timely advice. Effective internal controls include exception processing, activity specific accounts and more.
6 Tips Treasurers Can Use to Reduce Payment Vendor RiskPayments vendors will claim they are PCI compliant. But smart treasury and finance professionals shouldn't take their word for it.
Murky Outlook: Treasurers Not Taking on RiskAlthough the recent AFP Corporate Cash Indicators™ suggests that corporate treasurers have become more willing to spend some of their excess cash, many do not anticipate a large uptick in spending on capital investments for some time. Treasurers at a recent roundtable in New York co-hosted by BlackRock and the AFP Corporate Treasurers Council indicated they are still very hesitant to take on more risk and spend more money.
AFP Fraudwatch: New Payment Channels Threaten Corporate CashThis week, the recent decrease in fraud incidents might be an indication that fraud is evolving, and moving to a new payments channel. Also, what do recent cybersecurity initiatives by the government mean for corporates?

January 2013 Risk Newsletter

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