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Justin Jones

CryptoTalking Shop
June 16, 2022

Talking Shop: Managing Credit Risk for Crypto Custodians

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “How should corporates manage credit risk for cryptocurrency custodians?” Peer answer 1: “We’ve thought a lot about this. One point to make: Anchorage Digital Bank is federally chartered by the OCC; most others are state chartered. We look at things like that. Most of these licenses have pretty high standards for capitalization, so it might…
Justin Jones
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ESGInternal Audit ExecutivesRisk Management
June 2, 2022

Internal Auditors Shine a Brighter Light on Climate Data Sources

Pending regulations prompt IA to validate companies’ climate-related claims and incorporate first and second lines of defense. Several members of NeuGroup for Internal Audit Executives have recently or will soon conduct the first audits of their companies’ climate impact reports, and in a recent meeting they generally concluded that ESG group leaders may not understand much of the data behind their reports. The vice president of internal audit at a corporate with supply chains stretching worldwide discussed his company’s annual climate impact…
Justin Jones
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Capital MarketsRegional
June 2, 2022

The Fed Won’t Derail the Economy, UMB Tells Assistant Treasurers

The bank’s positive forecast addresses concerns about rates, inflation, growth and unknowns ahead. UMB, the regional commercial bank, presented a surprisingly upbeat economic forecast for this year to assistant treasurers in a recent meeting, suggesting less likelihood they will face difficult choices to help guide their companies through a recession or skyrocketing inflation.  “On our side,” said an assistant treasurer attending the meeting of NeuGroup for Large-Cap Assistant Treasurers, “it’s fear of the unknown,” given the Fed failed to foresee the…
Justin Jones
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Accounting & DisclosureTalking Shop
June 2, 2022

Talking Shop: FBAR Annual Reporting Requirements

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “Do you know if companies need to report all ‘signers’ of foreign bank accounts or all ‘payment approvers’ to the IRS each year for FBAR (Report of Foreign Bank and Financial Accounts) purposes?” Peer answer 1: “We interpret the FBAR authorized individual to be any employee known to the bank that can direct the…
Justin Jones
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NeuGroup News
May 30, 2022

NeuGroup for European Treasury Connects in Paris with HSBC

NeuGroup’s European Treasury peer group held a great hybrid meeting at HSBC’s Continental European HQ in Paris last week led by peer group leader Paul Dalle Molle, our first opportunity for an in-person meeting in 30 months. A big thanks to the thirty-five EMEA treasurers who participated in the event, which had an ESG thread running through every session. Special thanks to JP Huguet, Karine Autet, Anne-Marine Filiatre, Roman Heineman and the entire HSBC team for being a superb host for the event and a great sponsor…
Justin Jones
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Risk ManagementTreasury Management
May 26, 2022

Musical Chairs: Where Should ERM Sit To Create the Most Value?

Some corporates are positioning ERM teams to sit under internal audit or corporate strategy. Many enterprise risk management teams are at an inflection point as they aim to become strategic partners to the business. Some corporates are finding that ERM can add more value to the business by sitting within functions like corporate strategy or internal audit. At a recent meeting of NeuGroup for Enterprise Risk Management, two members who recently experienced a shift in reporting—one to internal audit and the other to…
Justin Jones
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FXTalking Shop
May 26, 2022

Talking Shop: What Is Your Hedge Horizon?

Editor’s note: NeuGroup’s online communities provide members a forum to pose questions and give answers. Talking Shop shares valuable insights from these exchanges, anonymously. Send us your responses: [email protected]. Member question: “For Neugroup members with an FX cash flow hedging program, what is your hedge horizon? “For context, we hedge up to two years and we’re looking to revise that horizon (potentially up to three years) in our FX policy.“Last, what determines your hedge horizon (e.g., budget cycle, product development cycle, contracts,…
Justin Jones
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ESGThe NeuGroup Insights Interview
May 20, 2022

NeuGroup’s Strategic Finance Lab Podcast, Episode 4: ESG Investing: An Interview with Marina Severinovsky of Schroders

Step into a lab where innovation and digital transformation empower senior finance executives to become true strategic partners. Investors who don’t acknowledge that countries and companies are decarbonizing as they commit to net-zero emission goals will find themselves on the “wrong end of a massive flow of capital.” That pragmatic approach to sustainable investing is among the insights you’ll hear in this podcast featuring Marina Severinovsky, Head of Sustainability for North America at Schroders. In an interview with Nilly Essaides,…
Justin Jones
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Senior ExecutiveTechnology
May 19, 2022

Stories and Foresight Built on Data: What a CFO Wants From Treasury

A seasoned CFO shares thoughts on automation and how treasury can elevate itself to become a strategic partner.The path of treasurers who are determined to walk the walk of becoming strategic business partners by devoting more time to value-adding activities and less to tactical tasks runs through automation that frees up bandwidth for intense data analysis. In making that point at a recent meeting of NeuGroup for Mid-Cap Treasurers sponsored by HighRadius, Jeff Martini, interim CFO of Bishop Lifting Products,…
Justin Jones
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BankingCapital Markets
May 19, 2022

A Tale of Two Bank Revolvers 

One company has fewer than 10 banks in its revolving credit facility while the other has more than two dozen. How many banks does a corporation need or want in its revolving credit facility? The answer, no surprise, is that it depends on the company, a point driven home at a recent meeting of NeuGroup for Mega-Cap Assistant Treasurers. During the session, two members discussed how they arrived at very different answers based on the particulars of their companies. Less…
Justin Jones
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