Practical Applications of the New Hedge Accounting Rules ASU 2017-12
Issued in August of 2017, ASU 2017-12, "Derivatives and Hedging" has modified the hedge accounting rules by allowing more hedging strategies to qualify, simplifing compliance and more closely aligning fair value measurements of a hedge with an underlying exposure. This session outlines how entities are using these new hedging strategies in practical ways to eliminate financial risk, minimize cost and efficiently report under the hedge accounting provisions. A panel discussion featuring views from the Financial Accounting Standard Board (FASB), Sandler O'Neill, a balance sheet risk management advisory firm, Wells Fargo a derivative dealer and DerivativePath, a provider of hedge accounting software technology. New hedging structures used in cash flow, fair value and net investment hedging including portfolio hedging under the new last of layer method will be outlined and the panel will discuss how the strategies can be effectively implemented.
Robert Baer, Head of Derivative Accounting, Derivative Path
Scott Hildenbrand, Principal and Chief Balance Sheet Strategist, Sandler O'Neill Partners L.P.
Money Saving Developments Hedging With New Financial Instruments at CME Group
The cost of benchmark interest rate hedging with bi-lateral over-the-counter swaps has traditionally been regarded as unavoidable. But FASB amendments and innovations in financial markets now means corporate treasurers may hedge at transparent and efficient near-mid market wholesale prices, saving millions of dollars on the cost of interest rate hedging. Join our expert panel and learn more about these innovations and how they may be implemented easily, reducing the financial cost of hedging and improving your operational efficiencies.
Geoffrey Sharp, Managing Director, Eris Innovations
John Coleman, SVP, R.J. O'Brien, Inc.
Cyber Risk and Fraud Mitigation for Treasury and Finance
The move to faster payments, new technology capabilities and delivery models have increased payment fraud risks. Payment fraud and cyber risk avoidance are a top priority for Treasury. What actions should treasury departments take to protect data and cash, and which should be addressed first? Rockefeller Group, Treasury Strategies and Kroll will discuss best-practices and cyber fraud/cyber risk protective strategies. They will share the latest attacks and strategies you can take to help avoid financial impacts as well as reputation and operational risks. We’ll update treasury professionals and discuss: - The most prevalent areas of exposure, focusing on fraud prevention and electronic security. - Best practices to combat cyber exploitation. - Action plan to a cyber/fraud incident This presentation will include best practice recommendations, actual case studies and a Q&A session for session participants.
Sam Pallotta, VP, Chief Risk Officer and Treasurer, Rockfeller Group International, Inc.
How Treasury Can Defend Itself Against Geopolitical Volatility
Brexit. Trade. The Fed. These three topics have dominated the global markets over the past year. For treasury departments, staying on top of today’s market movements and their impact on foreign holdings can be a cumbersome task. With the right technology, treasurers can keep FX markets top of mind without worrying about exposure day to day. In this interactive discussion, senior finance leaders and subject-matter experts provide key insights on how foreign assets and liabilities can affect a company’s financial reporting and managing translational risks.
Bob Stark, Vice President, Strategy, Kyriba
Fighting Fraud with Better Tools and Smarter People
Computer Weekly reports that 4 out of 5 organizations have faced an email-based cyberattack in the past few years. The key to fighting this growing threat is improved human vigilance and the use of advanced cybersecurity technologies. In this panel discussion, get insights into the best practices in leveraging human capital as a firewall to mitigate risk with a focus on education, the importance of taking a cross-functional approach to ensure the organization is fully prepared to identify potential threats and plan for taking appropriate actions.
Mary Rosendahl, Director, Global Digital Channels Security, Fraud Education & Risk Management, Bank of America Merrill Lynch
Hardy Gumnor, Senior Treasury Manager, Hyundai Motor Company
Henry Seemore, Treasury Director, Partners Healthcare
Chasing The Interest Rate Differential – Lessons Learned
Increasing interest rate differentials between the U.S. and the Eurozone have provided an incentive for multinational corporations to finance European operations with Euro-denominated debt. There are various ways of creating local debt, with different accounting implications associated with each. In addition, new accounting standards related to derivatives provide an opportunity to take advantage of the interest rate differential, with minimal accounting complications. During this session, the speakers will provide an overview of their strategies related to these transactions, and describe real scenarios to demonstrate these principles.
Santiago Bravo, Assistant Treasurer, Tempur-Sealy
What’s Your Game Plan for Data and Cyber Security? Prepare for the Unexpected
Join this discussion to learn about the current threats impacting the industry, trends shaping Data and Cyber Security from a corporate, bank and SWIFT perspective. What do corporate treasurers need to consider when working with their team, their banks, technology partners (ERP, TMS, AP) and providers like SWIFT? What are the corporate expectations? The panel will share practical examples of Data and Cyber Security in practice including the people, process and tools needed to prepare for the concerns that exist today and the potential disruptions of tomorrow inherent in the digital landscape.
Pat Antonacci, Head of Customer Experience, SWIFT
Brooke Tilton-Foley, CTP, Vice President, Treasury Operations, Viacom Inc