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Risk Management
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Trimming the Sails: the 2009 Risk Agenda

“A ship in port is safe, but that’s not what ships are built for.”

Grace Murray Hopper, American military leader, mathematician and educator (1906 - 1992)

by Helen Sanders, Editor

Nothing we do in life is free of risk, and if it were, it would not be much of a life at all. Business success is created by knowing when to take risks and to what degree. As we navigate our way through the current economic downturn, fear of the unknown has encouraged many of us to ‘batten down the hatches’ and seek refuge in safe havens until the storm has passed. With every treasurer far more conscious of risk than twelve or eighteen months ago, how should we be approaching financial risk today, and how have attitudes towards risk changed? In this article, we are delighted to introduce Jonathan Chesebrough, Head of Risk Advisory at RBS Global Banking and Markets, and Nicholas Blake, Sales Executive, J. P. Morgan Treasury Services, Corporate and Public Sector, who give their insights into how treasurers should be addressing risk in the current climate.