These are difficult times for corporate treasurers. The Covid-19 pandemic has hit the global economy hard, while geopolitical tensions resulting from the health crisis (as well as those running parallel to it) have stoked volatility in foreign exchange (FX) markets. Meanwhile, zero-to-negative interest rates are spreading throughout much of the developed world, at a time when regulatory reform and the impact of technology are remodelling the corporate treasury operating landscape.
These dynamics are presenting a host of new challenges and opportunities for treasury professionals around the world. But above all, they are highlighting the need for robust and adaptable risk management frameworks.
