Corporates must bridge internal gap to manage FX risks
With earnings battered by volatility, company treasurers and boards need to see eye to eye
Corporates, especially those in the US, could face another blow to their revenues as a result of the effects of negative currency if they fail to resolve the discrepancies between the way companies manage FX and what their boards expect, which is typically in line with how investors view a firm's value.
That was the takeaway message from the 2016 Global Foreign Exchange Survey by professional services firm Deloitte. The report found a shortfall in the ability of company treasurers to protect
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