Financial Reporting and Employee Theft-You Think You Are Immune?
Whether it’s cybersecurity fraud, personal information compromised, or employees believing the easy way to financial freedom is through theft, we are all susceptible to having our assets taken—either in our company or individually. We’ve all heard the experts say it: “It’s not a matter of if, but when.” This session focuses on how financial fraud occurs, what a forensic accountant looks for when investigating fraud and best practices to prevent fraud from occurring.
Arlen Lasinsky, Director, Marcum LLP
Brian Brammeier, Chief Executive Officer, Higher Ground Managed Services
Best Practice FX Hedging: Understanding Earnings-at-Risk
Developing a hedging program starts with understanding FX exposures and determining risk management goals. If minimizing earnings volatility is a priority and multiple currencies impact earnings, Earnings at risk (EaR) is considered best practice. However, many companies do not use this approach due to its perceived complexity. Discover the fundamental elements necessary to create a successful hedging program, and see its application in a case study demonstrating accessibility and feasibility of EaR. Attendees are walked through a review of the principles of value at risk (VaR) and corporate applications and asked to make observations about risk and hedging strategy for a sample portfolio. VaR is then applied to the portfolio. After explaining the analysis, attendees are engaged in a discussion of whether their perceptions of hedging strategies have changed. A corporate speaker shares their experience using VaR, discussing how their company’s management approached cost/benefit and challenges around educating key stakeholders.
Andreas Bodmeier, Ph.D., President, Quantitative Treasury Analytics, LLC
Michael Danilovich, CTP, Assistant Treasurer, Enova International, Inc.
Should You Care about How Banks and Ratings Agencies Rate You?
Many Fortune 1000 companies receive an external rating from one or more nationally recognized statistical rating organizations, (NRSROs, commonly known as credit rating agencies).. Most finance professionals are very aware of their company’s external ratings as these ratings impact the pricing the company will receive when issuing public notes, bonds, commercial paper and other funding instruments. All companies receive an internal credit rating from their banks, but most finance professionals are either not aware that their bank assigns them a rating or are not aware of the rating their bank assigns. Since most companies rely on the liquidity and/or funding provided by their bank’s revolving credit facilities and/or term loans, shouldn’t they know how the bank is assessing their credit risk? In this session, corporate practitioners learn about the different roles of the national credit rating agencies versus the internal ratings assigned by their banks, as well as the differences in the methodologies each group uses to assign those ratings. Panelists analyze tThe impact of the ratings is discussed, from the price impact in theon public capital markets, the to the impact on the bank’s internal profitability assessment, and the impact it has on the company’s banking relationships. Practitioners are then able to use this understanding to more effectively manage bank relationships as well as to understand the key components to consider when allocating business to banks.
James Gilligan, Assistant Treasurer, Great Plains Energy Incorporated
Creating Resilient Treasury Risk Management in Volatile Times
At the intersection of risk management and real life sits resilience: the ability to assess unforeseen events and adjust strategy quickly, while achieving successful outcomes for the corporation. Join this moderated panel of treasury professionals as they discuss the challenges faced in implementing a treasury plan to prepare for unexpected risk in volatile times, e.g., FX exposure risks posed by the Brexit vote; climate change preparations, how they worked, or didn’t, during a natural disaster; managing risks as treasurer when commodity prices plunged unexpectedly.
Kevin Beck, Assistant Treasurer, The Timken Company
Dwayne Petish, Treasury Consultant, Treasury Consultant
Winifred Pinet, President and CEO, Sycamore Associates LLC
Cybersecurity: The Critical Role of Your Human Firewall
Globally, cyberattacks through business email are one of the largest threats to corporates, accounting for more than $5 billion dollars in losses. Combatting this rampant fraud requires a combination of cybersecurity technology and vigilant human capital. In this panel discussion, Anadarko Petroleum and Rotary International share best practices in educating their human firewall to mitigate risk; an FBI agent presents a law enforcement perspective on the need for ongoing education to aggressively combat threats; practitioners demonstrate fraud scenarios, and highlight procedures and processes for combatting fraud.
Carmen Gay, CTP, Director, Corporate Cash Management, Anadarko Petroleum Corporation
Richard Barrett, CFA, CTP(CD), Director of Treasury, Rotary International
Eric Shiffman, Special Agent, Cyber Squad, Federal Bureau of Investigations
Mary Rosendahl, Global eChannel Solutions Executive, Bank of America Merrill Lynch
Regtech in Review
RegTech, or Regulatory Technology, is technology that has been developed to tackle the regulatory problems financial institutions and services may face. Big data, data visualisation and blockchain are a few of these innovative technologies. Their features make them agile and dynamic and could aid your business’ compliance with regulations. Join us to explore topics such as how this technology is used, where in your business RegTech would be most effective and what Barclays is doing with this innovative technology. We’ll be taken through a client, or compliance, lifecycle looking at key areas including sanctions screening, fraud and money laundering. We’ll then look at what Chainanalysis does, why it was created and how Barclays is using it to understand the behaviour of our clients.
Sarah Di Stefano, Head of AML Advisory, FinTech Specialist – Bitcoin/Blockchain, Barclays
Advanced Interest Rate Hedging: Back to (The New) Basics
Many companies have some level of familiarity with interest rate hedging from years past, but are finding that a few key elements have changed in the market. As we’re now seeing a sustained rising rate environment, stakeholder views on risk are changing. We also have a new accounting standard, different regulatory requirements as Dodd-Frank reform has evolved over the past few years, and even changes to valuation methodology. Interest rate hedging can also take on new complexities when you introduce M&A activity, multi-currency debt structures, pre-issuance hedging, and prioritization of counterparty credit relationships. This session takes a step back to evaluate broader capital markets activities and where hedging currently fits in this picture for companies with various risk profiles. We’ll also draw on practitioner insights around navigating market complexities, achieving wholesale pricing, accounting standards, and stakeholder communication.
Amol Dhargalkar, Managing Director, Chatham Financial
Anand Patel, Assistant Treasurer, Owens-Illinois, Inc.
Treasury Fraud: Locking Down Your Best Defense
The cybercrime landscape is constantly shifting, with criminals finding new and more sophisticated ways to gain access to your company’s information and funds. The most significant threat to today’s treasurers include the use of ransomware and an alarming increase in treasury fraud – from business email compromise to malicious insiders. To mitigate these risks the best defense is often a good offense. Attend this session for a focused discussion on the most recent threats to your treasury and the best practices you can adopt to keep fraud at bay. This expert panel of banking and corporate treasury professionals give you a comprehensive look at strategies for implementing a risk-based approach, effective technologies and the role insurance can play in preventing treasury fraud.
Nadya Hijazi, Managing Director and Global Head of GLCM Digital, HSBC
Jason Wong, VP-Treasurer, Tiffany & Co.
Regina Ochev, Vice President, Assitant Treasurer, Prologis