Managing Risk in a New Environment

by Helen Sanders, Editor

There are few treasury-related articles nowadays that do not stress the importance of liquidity and risk for corporate treasurers. Things have changed, however, since the gritty days of 2008-9, and while treasurers face new challenges, not least in Europe, they have become more savvy, better prepared and more able to prioritise the risk management issues that matter most. In this article, we look at trends and priorities in risk management from two perspectives. We are therefore pleased to welcome Justin Brimfield, EVP, Corporate Development, at treasury and risk management solution vendor Reval, and secondly, Marco Tierno, Head of Group Treasury and Short Term Planning at international airline, Alitalia, winner of the 2011 TMI Award for Treasury Team of the Year.

A new era for managing risk

Justin Brimfield, Reval first summarises the quite different situations in which treasurers found themselves during the global financial crisis,

“The global financial crisis of 2008-9 was a wake-up call for organisations globally. Treasurers typically found themselves in one of two camps. The first, smaller group comprised those that had already identified some risk tolerance levels, had established policies in place, and in some cases had systems to capture, analyse and address risk exposures. These companies had only to refine the completeness and timeliness of risk management information.

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