June 2009 12 Min Read
Market Volatility and Financial Covenants by Stephen Walter, Structurer, Commerzbank Corporates and Markets The financial markets tumult has left many corporates facing a series of challenging decisions; arguably none more so than the negotiation of funding or the...
June 2009 9 Min Read
A Year in Risk Management by Ashish Advani, Director, Derivatives, Royal Caribbean International About Royal Caribbean International Royal Caribbean International (RCL) was founded in 1969 and now has a fleet of 39 ships with a capacity of 78,650 passengers. The cruise...
June 2009 5 Min Read
A Practical Approach to Risk Management at Microsoft An Interview with Patrick Boyer, Group Manager, Treasury Controllers Group, Microsoft Treasury In this interview, we discuss with Patrick Boyer, Group Manager, Treasury Controllers Group how Microsoft has addressed...
June 2009 6 Min Read
When is a Derivative Not a Derivative? by Mark Kirkland, Vice President Treasury, Bombardier Transportation. The answer is: of course, when it’s an embedded derivative (at least sometimes)! I am, of course, talking about foreign currency contracts with suppliers and...
June 2009 3 Min Read
Ensuring Compliance in Hedge Accounting at RSA by Daniel Ferguson, Treasury Manager, Group Corporate Centre, RSA RSA Group has a proud heritage dating back almost 300 years. The current company structure was created in 1996, following the merger of two of the largest...
June 2009 12 Min Read
From US GAAP to IFRS – Treasurers Beware by Sebastian di Paola, Partner and Michiel Mannaerts, Senior Manager, PricewaterhouseCoopers SA, Switzerland Introduction As most readers will be aware, the accounting rules for financial instruments under IFRS originated from...
April 2009 3 Min Read
Hedge Accounting in accordance with IAS 39: Driving force or impediment to economically meaningful risk management? Results of a PricewaterhouseCoopers study in collaboration with the Justus-Liebig-University at Giessen The regulations governing the accounting of...
April 2009 28 Min Read
Doing Business in Germany by Prof. Dr. Dieter Endres, Service Line Leader Tax & Andrew Miles Tax Editorial Board of PricewaterhouseCoopers AG, Germany For decades, Germany has been a country with a highly developed, high-cost, economy. The opportunities – but...
November 2008 5 Min Read
Managing Settlement Risk at National Express by Mike Dixon, Assistant Group Treasurer, National Express plc National Express is one of the world’s leading international public transport groups, with an annual turnover of £2.6 billion. Over one billion...
July 2008 7 Min Read
The South African Treasurer within the Contemporary Corporate Governance Framework by Vaughan E Firman, Finance Director – South African Operations, Netcare Ltd Jean Renoir’s classic film, ‘La Règle du jeu’ (‘The Rules of the...
April 2008 4 Min Read
Journey into the Unknown – Internal auditing in the treasury function by Thomas Schräder, Partner, and Birger Wriedt, Senior Consultant, at PricewaterhouseCoopers, Düsseldorf The sub-prime market has clearly shown that treasury risks were not adequately...
April 2008 10 Min Read
Lessons in Securitisation from the Sub-prime Crisis by Thomas Mairer, MBA, Branch Manager Porsche Corporate Finance GmbH Porsche Holding GmbH’s subsidiary company, Porsche Bank AG, primarily offers car finance in Austria and seven Eastern European countries. In...
